The new tax law has many impacts on state income taxes in 2018. The law limits the deductibility of state income taxes for federal purposes. It also raises the federal standard deduction amount. However, taxpayers should consider the impact on their state income tax of the decisions they make to minimize their federal taxes. This article examines why. The post New Tax Law May Affect State Income Tax, Too! appeared first on Nirenstein, Horowitz & Associates P.C..
Understanding the Medicaid eligibility requirements in Connecticut is vitally important in order to make certain that you can get Medicaid to cover you when you need care. Medicaid is one of the most important programs that exists, not just because it provides medical services to people with low incomes, but also because it is the [ ] The post Income Rules and Medicaid Eligibility Requirements appeared first on Nirenstein, Horowitz & Associates P.C..
A Connecticut retirement planning lawyer provides advice to seniors who want to achieve financial security during their senior years. Saving enough money to retire is really hard, and many people don t have enough set aside, The sooner you begin to work with a retirement planning lawyer, the easier it will be for you to build [ ] The post Should Retirement Income be Exempt from CT Income Tax? appeared first on Nirenstein, Horowitz & Associates P.C..
People with special needs are often going to be unable to earn income on their own. There are a couple of different government programs that provide income for people who are in this position. One of them is Social Security Disability Insurance. When you work and you pay those pesky FICA or self-employment taxes, you are earning credits that will ultimately lead to eligibility for Social Security benefits. This program is for the most part in place to provide income for senior citizens, but it also protects you if you become unable to work due to a disability. If you have sufficient credits, you may be able to qualify for Social Security Disability Insurance benefits if a disability prevents you from earning much income on your own. Since this program is not specifically designed to provide for people with financial limitations, you could potentially qualify, even if you are in possession of resources. Supplemental Security Income The other government benefit program that provides inc