Monthly Archives: November 2016

How to Deal with Tax Changes to Itemized Medical Expenses

The new year is set to bring in an unwelcome surprise for many seniors in America when it comes to their taxes. Those 65 and older who itemize their medical expenses will now only be able to claim a deduction once their cost reaches 10% of their Adjusted Gross Income (AGI)- up from 7.5% in previous years. This change technically went into effect on December 31, 2012, but if a senior or their spouse reached the age of 65 between then and December 31, 2016, the 7.5% rate was then locked-in for that time period due to a large opposition […]

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The Baltimore Sun: Senior move managers save time, frustration

Check out the article posted in the Baltimore Sun today, Friday 11/4/16 featuring LPR member, Heather Murphy and her services with Abilities Network Move Management Services! Senior move managers save time, frustration Asked what she would like to take to her new one-bedroom apartment in a retirement community from her three-bedroom house in Summit Park, Judy Frankle initially answered: “All of it.” Knowing there was no way she could fit what she had accumulated over 60 years in her new home, she later acknowledged, “I’ve decided, but I don’t know whether I can.”  The 85-year-old couldn’t downsize alone — she […]

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