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News

Tuesday November 13, 2018

Ten Reasons to Update Your Estate Plan
Personal Planner
You have completed a will and perhaps a revocable living trust. Your durable power of attorney for healthcare and a...
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When You Need Help Caring for a Parent
Savvy Living
Where can I turn for caregiving help? I help take care of my 78-year-old mother and work too, and it's wearing me to a frazzle. Taking care of an aging parent over a period of time — especially when juggling work and other family obligations — can be physically and mentally exhausting. Nevertheless, there are helpful resources available. To help you determine and prioritize the type of help you need, a good first step is to make a list of everything you do as a caregiver, big and small. Note the amount of time each task takes every day, week or month. Identify the times when you need help the most and which tasks others might be able to do for you, like making lunch for your...
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Increased Child Tax Credit for 2018
Washington News
In IR-2018-217, the IRS reminded taxpayers of the benefit of the increased Child Tax Credit. The Tax Cuts and Jobs Act doubled the Child Tax Credit from $1,000 in 2017 to $2,000 in 2018. IRS Commissioner Chuck Rettig urged taxpayers to check their eligibility for the tax credit. He stated, "As we approach the 2019 tax-filing season, I want to remind taxpayers to take advantage of this valuable tax credit if they are eligible to claim it. Tax reform changed the tax code significantly and doubling the Child Tax Credit is an example of how the changes impact taxpayers." The $2,000 tax credit is available for children who are under age 17 on December 31, 2018. The child must be your qualified...
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