Keep in mind that this is not a comprehensive list or tax advice, but provided to give you an idea of the steps you need to take to learn how to reduce your tax bill. TSCL strongly recommends that you get help preparing your taxes from a tax professional who can explain your options and get you every tax break to which you're entitled to..Re.In their 2016 platform, Democrats committed to adopting a more fair and accurate Social Security cost-of-living adjustment, saying, "The Democratic Party recognizes that the way Social Security COLAs are calculated may not always reflect the spending patterns of seniors, particularly the disproportionate amount they spend on healthcare expenses." To cover the cost of providing a more accurate COLA and to increase the solvency of the trust funds, Democrats voted to support policies that would apply the payroll tax cap to income above 0,000 so that wealthier individuals pay the same Social Security tax rate as everyone else..My pulmonologist ordered a CT scan, but the person scheduling appointments said they first had to check my insurance. Is this correct? I'm covered by Medicare and a Medicare Advantage plan. I thought I would be covered for any medically necessary CT scan..Any Toll Free call to Congress on the number will be paid for by The Senior Citizens League..This week, one new cosponsor Rep. Matt Cartwright signed on to Rep. Peter DeFazio's No Loopholes in Social Security Taxes Act. The cosponsor total is now up to twenty-seven. If signed into law, Rep. DeFazio's bill would subject all income over 0,000 to the Social Security payroll tax. Currently, the payroll tax is capped at 3,700 and no income over that amount is taxed. H.R. 1029 would reportedly add another fifty years to the solvency of the Trust Fund in a responsible way, without reducing benefits for seniors..Another critical feature of the plan is the redundancy of the supply chain, such as the existence of multiple manufacturers for each product and its precursors.Since its inception, Medicare has undergone a number of changes. Since 1972 the program has covered disabled persons under 6In the last 25 years, beneficiaries were given the option to obtain services through private managed care arrangements. And most recently, the passage of the Affordable Care Act strengthened Medicare by closing the prescription "donut hole" and expanding preventative services with no deductible or co-pay..Although the new tax law almost doubles the standard deduction, and increases the deduction for taxpayers over the age of 65, The Senior Citizens League still encourages older taxpayers to compile and check medical and other deductible expenses before automatically taking the new standard deduction. The Senior Citizens League is working for passage of legislation that would lower or eliminate the taxation Social Security benefits, and strengthen Social Security for all.

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There are other reasons why your dad might have received that bill. While Medicare Advantage enrollees would not have to pay cost sharing due to COVID-19, they might if hospitalized due to other reasons, such as heart attack or kidney failure. You may need to call your dad's health plan and find out how the reason for hospitalization is described on the bill..During the debt limit negotiations, one of the most frequently discussed components of deficit reduction plans included a switch to the "chained" CPI. Such a proposal wouldn't just impact Social Security benefits; it would also reduce Railroad Retirement benefits, military retirement, and federal pension payouts as well as Supplemental Security Income payments received by very low-income seniors. In addition, seniors would also pay more in taxes since the CPI is also used to adjust tax brackets, the standard deduction, and personal exemptions..Later in the week, the President doubled down on his promise to try and cut prices on branded prescription drugs. Word is out that the President is considering an executive order to combat the problems of high cost drugs sold to Medicare and other government programs. … Continued

Should I Pull My Parents Out Of The Retirement Home

Types of Flu Shots for People 65 and Older.This week, in the days leading up to the five-week August recess, Members of the House focused on a series of tax extension bills and Members of the Senate debated cybersecurity legislation. Meanwhile, one House Subcommittee met to discuss the removal of Social Security numbers from Medicare cards, and The Senior Citizens League saw support grow for three key pieces of legislation..Quite likely. Age 62 is simple to remember because it's the same for everyone. But figuring out your full retirement age is hard because it differs for every one. It must be looked up online, or you must call the Social Security Administration to confirm it. Only one-out-of three people even know their full retirement age. But your full retirement age, whether it's 66, 66 plus 4 months, or 67, and the amount you can expect at that age, still doesn't get you your maximum benefit! Only half of all retirees even know that waiting until age 70 to claim retirement benefits gets you the maximum amount that you qualify for. … Continued

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