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In this week’s post I will review the updated numbers for 2022 for the VA program that provides a benefit to wartime veterans and their spouses.  Known as the VA Aid and Attendance program, this benefit provides a special pension to eligible applicants who need long term care. The maximum pension amount

Last month in this blog I updated you on some of the new Social Security and Medicare numbers for 2022.  With a cost of living adjustment (COLA) of 5.9% as a result of higher inflation, next year’s increase is the largest in some time. Many other federal programs are tied to the

Much of the economic news recently has focused on inflation rates.  The current rate of inflation is at the highest its been in the last 30 years, 6.2% on an annual basis. Against that backdrop, the Social Security Administration has announced it’s cost of living adjustment for the coming year 2022. The

In my post last week I talked about recent draft legislation which would make changes to federal income, gift and estate tax laws.  Many of our clients have called asking what they should do and I must remind callers that nothing has changed yet.  We are at the beginning of what is

We have received many calls about upcoming changes to the federal income, estate and gift tax laws.  To be clear, nothing has changed yet.  Draft legislation has been proposed by the House of Representative’s Ways and Means Committee but right now it is nothing but a proposal.  Things can and often do change

In last week’s post I told you about two calls I received regarding Medicaid.  In each case the caller was concerned about how credit card charges on a Medicaid applicant’s card affects eligibility. A common misconception about Medicaid is that debts affect eligibility.  Not true, at least in the sense that the State