Legislatures C19The upcoming tax season is expected to be especially challenging. A little planning now can help you lower your tax bill come April 15th. Here are 6 ways to minimize the bill, but always consult your tax advisor first before taking action:.There's an old saying: "Laws are like sausages; it is better not to see them being made.".Travel expenses to and from medical treatments. In 2018, the standard mileage rate for tax purposes is.18 cents per mile for medical purposes. Keep a travel log for documentation. … Continued
The Canvass May 2013Alexandria, VMore than 90 percent of older Americans are likely to be making a secret Christmas wish for the New Year, says The Senior Citizens League. "That's to make ends meet," says TSCL Chairman, Ed Cates. A national survey conducted by TSCL earlier this year found that 98 percent of Social Security recipients participating reported the annual cost-of-living adjustment had increased their Social Security benefits by less than a month in 2014, but 92 percent said their monthly expenses had increased by more than "That disparity between COLAs and rising costs is the 'Grinch that's stealing Christmas' for millions of older Americans this year," Cates says..In the months ahead, The Senior Citizens League will continue to advocate for these and other policy solutions that would strengthen and enhance Social Security benefits for current and future beneficiaries. For progress updates, follow The Senior Citizens League on Twitter..If adopted, it would cut .9 trillion from the deficit over the next ten years by implementing a combination of tax increases and spending cuts, around 5 billion of which would come from the health sector. Several proposed changes to the Medicare program are included in the package, including one important measure that would allow the Secretary of the Department of Health and Human Services to negotiate prices for high-cost drugs on behalf of Medicare Part D beneficiaries. Doing so would save billions of dollars each year. … Continued