Savvy Living
What tips can you recommend for choosing a good active adult housing community? My husband and I, who recently retired, are planning to relocate to an area closer to our grandkids and are interested in learning more.
If you are contemplating moving into an age-restricted community, finding one that is right for you takes some legwork. While active adult communities generally offer the opportunity for a lower-maintenance lifestyle around similar aged people, they vary enormously.
Today's active adult communities come in all shapes, sizes and price ranges, from small city-based apartment complexes, to single-family homes, to sprawling resort-style locations situated on a gated golf course. Most are owned by their occupants, but a growing number are rentals. Typically, at least one occupant of each property must meet a minimum age threshold.
It is also important to understand the...Learn More |
Washington News
As teachers and students prepare to return to school this fall, the Internal Revenue Service reminded educators of the increased expense deduction available in 2022. In IR-2022-148, the IRS noted, "As the new school year begins, the Internal Revenue Service reminds teachers and other educators that they will be able to deduct up to $300 of out-of-pocket classroom expenses for 2022 when they file their federal income tax return next year."
The educator expense deduction had been $250 for tax years from 2002 through 2021. However, it is now going to increase in $50 increments based on inflation. As a result, an educator in 2022 may deduct up to $300 of qualifying expenses. If two educators are married, the potential joint return deduction is up to $600. The educator deduction is available for kindergarten through grade 12 teachers, counselors, principals or school aides who work at least...Learn More |
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Personal Planner
If at some point in life you have a serious illness, there are a number of planning options that should be...Learn More |
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