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    Thursday April 2, 2020

    Family Business - Sell and Retire
    Personal Planner
    Bill and Alice started their family business many years ago. The early years were very challenging. Both worked without...
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    How Medicare is Handling Coronavirus
    Savvy Living
    Is Medicare covering testing for the coronavirus? My husband and I are very nervous about this virus and would like to find out if or when we should get tested and how Medicare manages it. Medicare is covering the cost of testing for the coronavirus, known as COVID-19. Be aware that getting a test is not as simple as going to your local pharmacy or doctor’s office and requesting one. Here is a breakdown of what Medicare is covering, along with how to get tested if you think you may have symptoms. Medicare Coverage Medicare (Part B) will cover the lab test for COVID-19, but only when your doctor or other health care provider orders it. You will pay no out-of-pocket costs for this...
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    CARES Act - Checks to Individuals
    Washington News
    On March 27, 2020, the House and Senate passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Under this massive bill, there will be $1,200 direct payments to individuals. Qualified dependents increase the payments to families by $500 per qualifying child. There are multiple rules on the direct payments to individuals. The payments by the IRS will generally be based upon your 2018 or 2019 income tax returns. Joint Return – A married couple will receive a payment of $2,400. Children – Each dependent child qualifies for a $500 amount. There are no limits to the number of dependent children. The definition of a dependent follows the IRS guideline that you must...
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