Category Archives: Finances

Eight Ways to Reduce Tax Burden For Parents

When there is a birth of a child, or an adoption of a child, you look at ways to save money for the upbringing of such child. Here are some important methods. Before discussing the methods, it is important to remember that you need to get a social security number for your child. For claiming…
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25 Easily Overlooked Tax Deductions

25 Easily Overlooked Tax Deductions - A Simple List You Can Refer to When Preparing Your Tax Filing If you are one of the millions of Americans who throws all their receipts, credit card and bank statements into a box, you are likely to overlook hundreds of dollars in tax deductions when preparing your tax…
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IRS Income Tax Return 2008

IRS Income Tax Return 2008 - 3 Tips For Easy IRS Tax Return For 2008 IRS income Tax return 2008 is a bit different than the returns for last year. Thats because the government has and in fact in next few days will come up with new guidelines that will help individuals as well as…
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Loss of Financial Skills Can Affect Independent Living

Are you worried about your parent's ability to maintain independent living? While many factors determine whether living alone is safe, a recent study indicated that those with early-stage Alzheimer's disease show such rapid declines in financial skills that this can signal a need for senior assistance sooner rather than later. The study, conducted at the…
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Elder Law and Your Parent’s Finances

How do elder law regulations affect helping your parents with their finances? A power of attorney (POA) for finance allows your parent to appoint a trusted person as his agent to make financial decisions.  Financial POAs are often created as part of an estate planning package by an elder law attorney.  If your parent has…
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Deducting Care Of The Elderly

As a society, we are growing older. This means many more people must care for the elderly in their family. Fortunately, some of the expense associated with the care is deductible. If you have taken charge of any elderly member of your family or friends, you may be eligible for tax deductions. Care of the…
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Can Your Parents Afford Senior Services?

Senior services, like assisted living or home care take money, caring for parents means having the "Money" talk.  Has your parent stopped participating in favorite activities, eats out less or travels less? Is there deferred maintenance on her home or car or unpaid bills around the house?  These are warnings of possible financial issues. Asking…
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Welcome to the EldercareABC Blog

EldercareABC began as an idea based on empathy and community. Stephen and Sandy Joyce had cared for both of their parents. When they were gone, what remained was the memory of how challenging their caregiving experiences had been.
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