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Archives

Monthly Archive for: "October, 2020"
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By Kathleen Sheridan
In Elder Law News
Posted October 28, 2020

IRS Issues Long-Term Care Premium Deductibility Limits for 2021

The Internal Revenue Service has announced the amount taxpayers can deduct from their 2021 income as a result of buying long-term care insurance.

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By Kathleen Sheridan
In Special Needs News
Posted October 27, 2020

IRS Issues Final Regulations for ABLE Accounts

The Internal Revenue Service (IRS) has issued final regulations covering tax-free savings accounts that allow people with disabilities and their families to save and pay for disability-related [...]

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By Kathleen Sheridan
In Special Needs News
Posted October 19, 2020

Social Security Disability Benefits to Rise by Only 1.3 Percent in 2021

Social Security disability recipients will see an increase in benefit levels for 2021, although the rise will be the smallest in years, due to the economic downturn caused by the COVID-19 [...]

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By Kathleen Sheridan
In Elder Law News
Posted October 16, 2020

Where Trump and Biden Stand on Issues Important to Older Americans

With the presidential election only a few weeks away, it is important for voters to know the candidates’ positions on issues like Medicare, Medicaid, and Social Security. 

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By Kathleen Sheridan
In Special Needs News
Posted October 15, 2020

Disability Advocates Fear Consequences of Premature End to Census Count

The U.S. Supreme Court's terse order halting the census count more than two weeks early  could result in the undercounting of people with disabilities and less funding of services like [...]

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By Kathleen Sheridan
In Special Needs News
Posted October 14, 2020

Government Agency Calls for End to Program Allowing Subminimum Wages for People with Disabilities

A nonpartisan federal agency has called on the government to end a program that explicitly permits employers to pay hundreds of thousands of people with disabilities less than $1 an hour.

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By Kathleen Sheridan
In Elder Law News
Posted October 14, 2020

A Modest Social Security Increase for 2021

The Social Security Administration has announced a 1.3 percent increase in benefits in 2021, an increase even smaller than last year’s. 

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By Kathleen Sheridan
In Elder Law News
Posted October 7, 2020

How to Fix a Required Minimum Distribution Mistake

The rules around required minimum distributions from retirement accounts are confusing, and it’s easy to slip up. Fortunately, if you do make a mistake, there are steps you can take to fix the [...]

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By Kathleen Sheridan
In Special Needs News
Posted October 2, 2020

Accurate Head Count Vital to Disability Programs More Likely After Court Rules Census Cannot be Ended Prematurely

For the past two months, the very real possibility has loomed that the collection of census data would end early, resulting in the undercounting of people with disabilities and less funding [...]

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By Kathleen Sheridan
In Elder Law News
Posted October 1, 2020

New York Imposes Restrictions on Medicaid Eligibility for Home Care

New York was the only state that didn’t have a look-back period for Medicaid home care, but that is now changing. New York Medicaid applicants will no longer be eligible for home care if they [...]

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