As we put the winter season behind us and welcome the coming spring, you may find yourself prepping for baseball season or searching for your summer vacation spot. From the melting of snow to the warming of the air, it’s a great time of year to celebrate a birthday.
Some of you may even be celebrating a milestone birthday this April – turning 65. Well, you’re in good company! Let’s take a look at two big stars who are turning 65 in April. Any soul music or CSI fans out there? You’ll know these two celebrities well.
Last week, the government released Medicare spending payment data that highlighted the top billing recipients. Many of those doctors were displeased by the attention, claiming it cast an unnecessarily negative light on their practices and reputations.
Government-released payment data revealed that some doctors billed the Medicare program for millions of dollars. $121.4 million was paid out to the top ten doctors for Medicare Part B payments in 2012. This placed the listed doctors under scrutiny, and federal investigators are examining these payment amounts to ensure their validity.
The doctors claim that these amounts are being examined out of context. Their reasoning is that they served as the proverbial “middle man” for passed payments that were forwarded along to drug companies. Others said they submitted billing on behalf of their entire practice. Some suggest that the Medicare spending data is simply inaccurate and that their reputations have gone on the line because of the release.
Are you stressed out? Well, you’re not alone.
April is National Stress Awareness Month and according to the American Psychological Association, Americans consistently report that they live with a level of stress they believe is unhealthy. In fact, as many as one in five say that their stress is extreme (ranking it as an eight, nine, or 10 on a 10-point scale). That’s a lot!
But what exactly are Americans are stressed about? Let’s take a look at a study by the American Psychological Association:
With the 2014 tax season ending soon, here is some helpful information for the older generation on if they need to file a tax return, and important tax tips they should keep in mind.
The last day to file your 2013 tax return is on Tuesday, April 15, 2014, unless you apply for an extension. As mentioned previously, many seniors and retired individuals may not need to take any action during this tax season; however, that may not be the case for all. If you’re still not sure whether you need to file a return, or if you need to file a return and just haven’t started, you may want to get the information you need now to help you avoid owing money to the government or missing out on any returns you are due.
Each tax season, senior taxpayers must decide whether itemizing their deductions makes sense. For some, the standard deduction for seniors may actually lead to a lower tax bill.
Tax deductions help reduce a person’s overall tax liability and income subject to taxation, for a variety of expenses, particularly in the case of costs incurred to produce income. For seniors and other retired individuals who are on a limited Social Security and retirement saving income, deciding whether they should itemize or accept the standard tax deduction may be of the upmost importance. Read this post to understand the top tax deductions for seniors, including the standard deduction, which can help older individuals avoid paying more taxes than they owe.
Older and disabled individuals may be eligible for the Credit for the Elderly or the Disabled, which can help reduce the taxes they owe.
The 2014 tax season is happening now. As mentioned in the last tax help post, some individuals collecting Social Security benefits may still need to pay taxes. If you are among the ones that need to fill out a 2013 tax return, you may be checking for tax credits for which you qualify. Luckily, if you are older or retired with certain disabilities, you may be able to qualify for a specific tax credit: the Credit for the Elderly or the Disabled.
Footloose is 30, Kevin Bacon is 55 (and a baby boomer), and I’m officially getting old.
For my generation, Footloose was one of those movies we all saw in the theater and on cable reruns at least a dozen times.
Last week, Jimmy Fallon teamed up with Bacon to produce this tribute to the classic coming-of-age film on The Tonight Show. Fans of the movie went nuts and the video went viral throughout social media. If you haven’t seen it, you must.
34 years ago, Cosmos was a landmark television event that continues to inspire. Now, a sequel looks to expand that legacy for a new generation.
Cosmos: A Personal Voyage was appointment television when it aired over the course of 13 weeks in 1980. For a decade, it remained the most widely watched television series on public television. Since then, it has gone on to become a staple with audiences and classrooms the world over, being viewed by 400 million people in 60 countries.
Seniors and retired individuals who are collecting Social Security retirement benefits should not automatically assume that they do not have to file a tax return.
The 2014 tax season opened on January 31, 2014 and will last until Tuesday April 15, 2014. For many older individuals, no action may be needed. However, it’s important to double check whether you need to file taxes, so that you don’t owe any money to the government or miss out on potential refunds.
On Monday, the Centers for Medicare and Medicaid Services (CMS) withdrew changes it had proposed for Medicare Part D. The cuts to Medicare were met wide opposition on grounds that they would harm health benefits for the elderly and disabled.
Medicare Part D is the popular prescription drug benefit that is provided to 36 million elderly and disabled enrollees through private insurance companies.
Late last week, over 370 groups representing doctors, patients, pharmacies, insurers, and drug companies urged CMS to withdraw changes it had proposed for Medicare Part D.