MasonLaw, PC | NC Elder & Special Needs Law Attorney

  • Elder Law
  • Special Needs Law
  • Hot Topics & Info
    • 2021 Medicare Premiums, Coinsurance and Deductibles
    • 2020 Medicare Premiums, Coinsurance and Deductibles
    • 2020-2021 NC Medicaid and Special Assistance Rates
    • NC Nursing Home Medicaid Law Explained
    • 2021 Federal Benefit Rate – Federal Poverty Level
    • 2021 Veteran (VA) Benefit Rates
  • About
    • Find Us – Charlotte or Asheboro
    • Who to Call
    • Bob Mason, Attorney
    • Ann Mason, Administrator
    • News / Press
  • Client Portal
You are here: Home / Archives for Taxes

March 30, 2020 by bob mason 12 Comments

Can You Take a Tax Deduction for Assisted Living Costs?

Can You Take a Tax Deduction for Assisted Living Costs?

Mom is in an assisted living facility.  Mom and Dad both receive Social Security (total is about $20,000).  Dad receives a federal retirement system pension of $35,000. Because the assisted living … [Read more...]

Filed Under: Assisted living, Nursing Homes, Reader Favorites, Tax Issues Tagged With: Assisted living, tax deductions, Taxes

March 30, 2019 by bob mason 9 Comments

Could These Facts Help You Avoid Filing A Federal Tax Return?

Could These Facts Help You Avoid Filing A Federal Tax Return?

CAUTION: This column was first written in 2016 and has been updated for 2019. You may reader comments below from earlier years. Mom (who is 70) is on Social Security and worked part time at Burt’s … [Read more...]

Filed Under: Reader Favorites, Social Security, Tax Issues Tagged With: Filing requirements, Social Security, Tax returns, Taxes

March 30, 2019 by bob mason 10 Comments

How Much Can You Earn Without Paying Taxes On Social Security?

How Much Can You Earn Without Paying Taxes On Social Security?

CAUTION: This column was written in 2016 and has been updated for 2019. You may reader comments below from earlier years. In another post I discussed how much someone can earn without having to file … [Read more...]

Filed Under: General, Reader Favorites, Social Security, Tax Issues Tagged With: Social Security, Taxes

August 25, 2017 by bob mason

Kill Your IRA. Get Away With Murder.

Kill Your IRA. Get Away With Murder.

For many people, this may be a great time to kill a traditional IRA. Dismantle it. Take it down. Cash it in. Or at least start that process and save thousands of tax dollars doing it. Especially as we … [Read more...]

Filed Under: Featured, General, IRAs & Retirement Plans, Medicaid, Reader Favorites, Tax Issues Tagged With: Individual Retirement Plan, IRA, Medicaid, nursing home, Taxes, Terminating an IRA

June 16, 2017 by bob mason 13 Comments

Three Reasons To Trust Your Beach House To A Trust

Three Reasons To Trust Your Beach House To A Trust

Vacation property and “second homes” – whether in the mountains or at the beach – present a number of legal and tax planning opportunities. A little secret: Most of what you'll read here also … [Read more...]

Filed Under: General, Medicaid, Tax Issues, Trusts generally, Wills (or Not!) Tagged With: estate planning, Irrevocable trusts, living trusts, revocable trusts, Taxes, Trusts generally

  • 1
  • 2
  • Next Page »

Now Serving Charlotte

704.276.6446

Also the Triad from Asheboro

336.610.6000

Find Us

Get A Free NC Medicaid Nursing Home Rules Booklet

Mason Law Booklet Offer

Great tips from an expert!

Download Now

About Bob Mason

Bob Mason, Elder Law & Special Needs LawRobert A. Mason, JD, CELA, CAP, is owner of Mason Law, PC, of Charlotte and Asheboro, North Carolina, a law firm devoted exclusively to legal issues involving the elderly and the disabled. Read More >>

Browse Articles Here!

Or Search On A Topic

News

Mason Named Chair of NC Board of Legal Specialization

Asheville, NC – July 28, 2017: The North Carolina … [Read More...]

Mason one of two N.C. elder law attorneys named to Super Lawyers

ASHEBORO, NC — Jan. 27, 2017: Elder law and … [Read More...]

Reader Favorites

Video Notarizing and Witnessing in NC

Video Notarizing and Witnessing in NC

This afternoon (Saturday, May 2) the North Carolina General Assembly passed … [Read More...]

CARES Act $1,200 Stimulus Payment Effects on Medicaid?

CARES Act $1,200 Stimulus Payment Effects on Medicaid?

UPDATED April 16, 2020 If you or someone you know is on Medicaid … [Read More...]

Can You Take a Tax Deduction for Assisted Living Costs?

Can You Take a Tax Deduction for Assisted Living Costs?

Mom is in an assisted living facility.  Mom and Dad both receive Social … [Read More...]

  • ZOOM Into My Office
  • COVID-19 and Mason Law
  • NORTH CAROLINA SPECIAL ASSISTANCE

© 2021 MasonLaw, PC | NC Elder & Special Needs Law Attorney · Rainmaker Platform