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Month: December 2017

VA Benefits Cost-of-Living Increase

Congress recently approved a 2% cost-of-living increase in the maximum annual pension rate for service pension and death pension benefits. Maximum Annual Pension Rates for the Service Pension are as follows:   Annually Monthly Service Pension $13,166 $1,097   w/ Dependent $17,241 $1,437 Pension w/ Housebound Allowance $16,089 $1,341   w/ Dependent $20,166 $1,681 Pension […]

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Medicare’s Part B Premium Will Be Unchanged in 2018, But Many Will Pay More. Got That?

The announcement of the 2018 Medicare premium is good news for some beneficiaries and bad news for many others.  The good news is that the standard monthly Part B premium, which about 30 percent of Medicare beneficiaries pay, will again be $134 next year, unchanged from 2017. But most Medicare recipients pay a lower premium because they […]

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You Can Give Away More Tax Free in 2018, Contribution Limit to ABLE Accounts Will Increase Also

After staying the same for five years, the amount you can give away to any one individual in a particular year without reporting the gift will increase in 2018. The annual gift tax exclusion for 2018 is rising from $14,000 to $15,000. This means that any person who gives away $15,000 or less to any one individual […]

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