Seniors can deduct out-of-pocket medical costs above 7.5% of income, including long-term-care premiums
The federal tax code lets a taxpayer deduct unreimbursed medical and dental expenses, but only the portion that exceeds 7.5% of adjusted gross income. For a retiree carrying heavy out-of-pocket care costs, that threshold can turn into a meaningful deduction, and one of the items it can include is often overlooked: the premiums paid on […]
Read MoreSeniors can deduct out-of-pocket medical costs above 7.5% of income, including long-term-care premiums
The federal tax code lets a taxpayer deduct unreimbursed medical and dental expenses, but only the portion that exceeds 7.5% of adjusted gross income. For a retiree carrying heavy out-of-pocket care costs, that threshold can turn into a meaningful deduction, and one of the items it can include is often overlooked: the premiums paid on […]
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Budgeting & Saving
Treasury bills can pay retirees more than a big-bank savings account, no state tax
A short-term Treasury bill has recently paid interest in the neighborhood of what a certificate of deposit offers, while the…
Personal Finance
Budgeting & Saving
Treasury bills can pay retirees more than a big-bank savings account, no state tax
A short-term Treasury bill has recently paid interest in the neighborhood of what a certificate of deposit offers, while the…
Markets & Investing
Banking & Credit Cards
Fraud & Scams
Verify-first calls to a known number stop most grandparent and impostor scams
The most effective defense against a grandparent scam or an impostor call is also the cheapest: hang up and call back on a number already...
Fraud & Scams
A Dominican call-center operator was extradited over an elder-fraud scheme that drained more than $5 million from 400 victims
An elder-fraud case that reached across an international border has landed a Dominican call-center operator in a U.S. courtroom, extradited to face charges tied to...
Fraud & Scams
True World Holdings data-breach victims can claim a no-proof $50 before September 8
People whose personal data was caught up in the True World Holdings breach can claim a flat $50 with no documentation, and the window to...
Fraud & Scams
Lands’ End data-breach victims can take a no-proof $60, or up to $5,000 documented, before October 22
People whose personal information was exposed in the Lands’ End data breach can now choose between a quick $60 cash payment that requires no documentation...
Fraud & Scams
The FTC shut down a credit-repair network that took about $200 million and filed fake identity-theft reports in customers’ names
Federal regulators have moved to shut down a sprawling credit-repair operation that, they say, collected about $200 million from customers while quietly doing something that...
Fraud & Scams
A Missouri woman was convicted of taking $66,000 of her mother’s Social Security while her mother lived overseas with dementia
A federal jury in Missouri has convicted a 50-year-old woman of stealing roughly $66,000 that belonged to her own mother, money drawn from the mother’s...
Real Estate
Market Trends
Almost anyone who bought a home through an agent can claim part of a $120 million commission settlement before October 27
The National Association of Realtors and a group of large brokerages have agreed to pay $120,334,500 to settle claims that…
Retirement & Taxes
Seniors can deduct out-of-pocket medical costs above 7.5% of income, including long-term-care premiums
A lump-sum pension buyout trades a lifetime monthly check for one cash payout you must manage yourself
Medicare’s fall Open Enrollment, October 15 to December 7, is the window to replace a plan leaving in 2027
Medicaid’s five-year look-back can delay nursing-home coverage over money or property given away recently
Once a Medicare drug plan’s yearly out-of-pocket limit is reached, covered prescriptions cost nothing more that year
A dropped Medicare Advantage plan opens a special enrollment window from December 8 through the end of February
A federal audit found thousands of widows lost millions by claiming Social Security survivor benefits too early
Repeal of a decades-old penalty restored bigger Social Security checks for millions of retired teachers, police and firefighters
A proposed IRS rule would require proof of citizenship to collect the refundable part of the child tax credit