Social Security Beneficiaries Will Receive a 2 Percent Increase in 2018
In 2018, Social Security recipients will get their largest cost of living increase in benefits since 2012, but the additional income will likely be largely eaten up by higher Medicare Part B premiums.
Cost of living increases are tied to the consumer price index, and an upturn in inflation rates and gas prices means recipients get a small boost in 2018, amounting to $27 a month for the typical retiree. The 2 percent [...]
How Can the Court Find That My Income for Child Support Is More than I Actually Earn?
Thinking of taking a lower paying job or leaving your job to attempt to avoid child support? Think again. The Court does not just look at your current income on your pay stub or recent W-2 statement. The Court digs deeper than that. How much child support you owe depends on a parent’s ability to provide support, rather than looking at strict income numbers. A Judge or Support Magistrate has the power to [...]
During the American Bar Association National Aging & Law Conference on October 26-27 our Elder Care Coordinator, Maria Motsavage spoke as part of a panel on "Enhancing your Elder Law Practice with an Elder Care Coordinator." She certainly enhances ours!
Levene Gouldin & Thompson, LLP, has been named a Tier 1 “Best Law Firm” in Binghamton for eight of its practice areas by US News - Best Lawyers® "Best Law Firms" in 2018.
Firms included in the 2018 “Best Law Firms” list are recognized for professional excellence with persistently impressive ratings from clients and peers. Achieving a ranking signals a unique combination of quality law practice and breadth of legal expertise.
LG&T received Tier 1 rankings in [...]
How to Reverse Medicare Surcharges When Your Income Changes
What happens if you are a high-income Medicare beneficiary who is paying a surcharge on your premiums and then your income changes? If your circumstances change, you can reverse those surcharges.
Higher-income Medicare beneficiaries (individuals who earn more than $85,000) pay higher Part B and prescription drug benefit premiums than lower-income Medicare beneficiaries. The extra amount the beneficiary owes increases as the [...]