Mom is in an assisted living facility. Mom and Dad both receive Social Security (total is about $20,000). Dad receives a federal retirement system pension of $35,000. Because the assisted living … [Read more...]
Will Mom Have to File a North Carolina Tax Return?
CAUTION: This column was first written in 2016 and has been updated for 2019. You may reader comments below from earlier years. In another article we looked at whether Mom needed to file a … [Read more...]
Could These Facts Help You Avoid Filing A Federal Tax Return?
CAUTION: This column was first written in 2016 and has been updated for 2019. You may reader comments below from earlier years. Mom (who is 70) is on Social Security and worked part time at Burt’s … [Read more...]
How Much Can You Earn Without Paying Taxes On Social Security?
CAUTION: This column was written in 2016 and has been updated for 2019. You may reader comments below from earlier years. In another post I discussed how much someone can earn without having to file … [Read more...]
Naming A Trust As IRA Beneficiary: Great Idea? Bad Idea?
This is the most advanced topic I have written for my public readers. But it can be an important topic, so hang in there. According to conventional wisdom you should always name your spouse as … [Read more...]
