Elder Law Newsletter – February 2020 Legal Update
Chambliss Elder Law Newsletter is a bi-monthly e-newsletter of legal developments and other trends of vital interest to seniors and their advocates. This newsletter is brought to you by the Elder Law and Tax Team of Chambliss Law Firm.
Chambliss Monthly Editorial
Top 10 Tax Planning Tips for 2020
by Rachel Ragghianti, CPA
and Sarah Johnson, CPA
Tax season is right around the corner, but good tax planning takes place all year long! See below for some of our favorite tips and tricks. These cover a variety of areas including charitable giving, estate tax exemptions, organizing tax files, and how to treat some payments made to caregivers, household workers, medical providers, and educational institutions. [Click to read the full story.]
Free Tax Preparation Help Is Available to Seniors
Most low- and middle-income Americans qualify for free online tax preparation software but do not take advantage of it. And anyone over age 60 can use the IRS’s Tax Counseling for the Elderly program.
Medicaid Protections for the Healthy Spouse
Medicaid law provides special protections for the spouses of Medicaid applicants to make sure the spouses have the minimum support needed to continue to live in the community.
Medicare Now Covers Outpatient Treatment for Opioid Addiction
Recognizing the huge problems caused by opioid addiction in the United States, Medicare is adding a new outpatient opioid treatment benefit, paying for methadone and related treatment in certain facilities under Part B.
Caregivers Are Getting Younger, Making Planning for Long-Term Care Even More Important
As baby boomers age, more and more millennials are becoming caregivers. Many are taking on this role while just getting started in their own lives, leading to difficult decisions about priorities. Proper planning can help them navigate this terrain.