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  • Home
  • Our Team
  • Services
    • Estate Planning
    • Trust & Estate Litigation
    • Estate & Trust Administration
    • Probate & Probate Avoidance
    • Contested Guardianships & Probates
    • Asset Protection Planning
    • Tax Law
    • Medicaid & VA Benefits
    • Land Conservation Easements
  • Blog
  • Contact & Directions

Government Benefits

Home » Government Benefits
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By Bach, Jacobs & Byrne, P.A.
In Estate Planning, Government Benefits, Tax Law
Posted August 17, 2022

Everything You Need to Know About “Below the Line” Deductions

Below-the-line deductions, also known as itemized deductions, include any deduction reported under the line for AGI calculation on your tax return. Each tax season, you can choose whether to [...]

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By Bach, Jacobs & Byrne, P.A.
In Estate Planning, Government Benefits, Tax Law
Posted August 15, 2022

What are ‘above-the-line deductions,’ and why are they valuable?

Before we get into above-the-line deductions, let us start with some helpful definitions: Deduction: another way of saying ‘subtract.’ In the context of a federal tax return, a deduction is an [...]

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By Bach, Jacobs & Byrne, P.A.
In Asset Protection Planning, Elder Law, Estate Planning, Government Benefits, Tax Law
Posted August 8, 2022

What is the “Secure Act 2.0”?

On March 29, 2022, the House of Representatives passed the Securing a Strong Retirement Act (“the Act”) with a bipartisan vote of 414 to 5. The Act has been nick-named the “Secure Act 2.0” as it [...]

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By Bach, Jacobs & Byrne, P.A.
In Elder Law, Estate Planning, Government Benefits, Tax Law
Posted August 5, 2022

How do these changes in the SECURE Act affect me?

An older RMD age will allow IRA owners to defer withdrawals, allowing assets to continue growing for longer. Removing the age limit for individuals to contribute to their IRA accounts benefits [...]

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By Bach, Jacobs & Byrne, P.A.
In Elder Law, Estate Planning, Government Benefits, Tax Law
Posted August 3, 2022

Important changes in the SECURE Act

Important changes in the SECURE Act include: The required minimum distribution age (“RMD”) increased from 70.5 to 72 years old. Removal of the age limit for IRA contributions. The [...]

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By Bach, Jacobs & Byrne, P.A.
In Elder Law, Estate Planning, Government Benefits, Tax Law
Posted August 1, 2022

What is the SECURE Act, and how can it affect my retirement?

The “SECURE” Act stands for ‘The Setting Every Community Up for Retirement Enhancement Act’ and was signed into law by former President Donald Trump on December 20, 2019. The law [...]

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By Bach, Jacobs & Byrne, P.A.
In Asset Protection Planning, Government Benefits, Long-Term Care, Medicaid Planning
Posted June 23, 2020

Statewide Medicaid Managed Care (SMMC) – Managed Medical Assistance Program

Statewide Medicaid Managed Care (SMMC) is the program where most Medicaid recipients receive their Medicaid services. There are two different parts that make up the SMMC program: The Managed [...]

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By Bach, Jacobs & Byrne, P.A.
In Asset Protection Planning, Government Benefits, Long-Term Care, Medicaid Planning
Posted June 22, 2020

Statewide Medicaid Managed Care (SMMC) – Long-term Care Program

In 2011, the Florida Legislature created a new program called the Statewide Medicaid Managed Care (SMMC) program. There are two different programs that make up the Statewide Medicaid Managed [...]

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By Bach, Jacobs & Byrne, P.A.
In Asset Protection Planning, Elder Law, Government Benefits, Long-Term Care, Medicaid Planning
Posted June 19, 2020

How to Get on the Florida Medicaid Waiver Wait List

In Florida, the Medicaid program that helps pay for long-term care in an assisted living facility or at home is called the Long-Term Care Diversion Waiver. There is a waitlist for this program. [...]

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By Bach, Jacobs & Byrne, P.A.
In Elder Law, Government Benefits, Long-Term Care
Posted June 8, 2020

Can a Florida Nursing Home or Assisted Living Facility Take My Stimulus Check?

The recently enacted federal Coronavirus Aid, Relief, and Economic Security (CARES) Act provided for a direct payment of up to $1,200.00 to most taxpayers, including many residing in nursing [...]

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