Category Archives: Legislation

Commonly Overlooked Tax Deductions

If you’ve been watching television lately, chances are you’ve seen the commercial with the concessions salesperson leaving a stack of money on every seat in the stadium… H&R Block’s assertion that self-filing taxpayers last year paid more than a billion … Continue reading

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Retirement: How to Cut Healthcare Costs

As mentioned in my prior blog, even Medicare recipients are being impacted by the Affordable Care Act’s (“ACA”) implementation.  According to a recent AARP report, Medicare beneficiaries spent on average $3,324 out-of-pocket annually on healthcare in 2010. With that said, … Continue reading

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Affordable Care Act’s Impact on Medicare

We have all been inundated by information regarding the Affordable Care Act (ACA). Regardless of your feelings on the new law, everyone will likely be affected by its implementation, including Medicare recipients. In fact, more impactful to the senior population … Continue reading

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Court Rules in Favor of Surviving Spouses not on Reverse Mortgages

A federal court has ruled that banks can’t foreclose on surviving spouses of reverse mortgage holders when they are not able to pay off the mortgage upon their spouse’s passing.  The ruling should lead to regulatory changes that will help … Continue reading

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“Obamacare” Should Be of No Concern to Medicare Beneficiaries, Although Scammers May Tell You Otherwise

As of October 1, 2013, people who lack health insurance can start signing up for coverage through the new Internet-based health insurance marketplaces set up under the Affordable Care Act or “Obamacare.” Most of those who don’t already have insurance … Continue reading

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Minimum Wage Laws Extending to Cover Home Care Aides

The Obama Administration has announced that it will extend the U.S. minimum wage and overtime laws, created under the Fair Labor Standards Act, to cover home care aides who assist the elderly and disabled, allowing them to remain in their … Continue reading

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Governor Signs Tax Changes Into Law

A compromise tax reform bill was signed by both houses of the North Carolina General Assembly and signed into law by Gov. Pat McCrory on Tuesday. The final bill cuts taxes for both individuals and businesses while still achieving Gov. McCrory’s … Continue reading

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Benefits Impacted by DOMA Ruling

The United States General Accounting Office has published an update of all the federal statutory provisions impacted by the recent U.S. Supreme Court DOMA ruling.  The introduction to the update began as follows: “The Defense of Marriage Act (DOMA) provides … Continue reading

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Disabled Military Child Protection Act

The Disabled Military Child Protection Act has been introduced by Senator Kay Hagan (D-NC) (S.1076) and Congressman Jim Moran (D-VA) (H.R.4329) in an effort to provide for the payment of monthly annuities under the Survivor Benefit Plan to a supplemental … Continue reading

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Bill Introduced to Allow Individuals with Disabilities to Create own Trusts

Rep. Glenn Thompson (R-Pa.) introduced the Special Needs Trust Fairness Act of 2013 on May 23, 2013 (H.R. 2123). According to a press release from the National Academy of Elder Law Attorneys (NAELA), the bill would allow people with disabilities … Continue reading

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