lwilliams

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So far Lora Williams has created 212 blog entries.

Scholarships are usually tax free but they may result in taxable income

Newburg Staff Writers (8/10/21) If your child is fortunate enough to be awarded a scholarship, you may wonder about the tax implications. Fortunately, scholarships (and fellowships) are generally tax free for students at elementary, middle and high schools, as well as those attending college, graduate school or accredited vocational [...]

2021-08-16T09:25:57-04:00August 16, 2021|

5 possible tax aspects of a parent moving into a nursing home

Newburg Staff Writers (8/3/21) If you have a parent entering a nursing home, you may not be thinking about taxes. But there are a number of possible tax implications. Here are five. Long-term medical care The costs of qualified long-term care, including nursing home care, are deductible as medical [...]

2021-08-12T15:01:39-04:00August 10, 2021|
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