News
Sunday July 20, 2025
Our News
Thank you for your interest in IHM Sisters. Our hope is to serve you and your family with helpful information.More |
Savvy Living
If I initially enroll in a Medicare Advantage plan, am I able to later enroll in original Medicare and obtain a Medigap...More |
Washington News
During the recent Presidential election, both candidates supported the concept of removing taxes on tips. The One Big Beautiful Bill Act signed on July 4, 2025, created a tax deduction for up to $25,000 in tips for years 2025 to 2028. To qualify, the tips must be received as part of a business in which tips are customarily given to individuals.
There is a limitation, however, on the amount of tips that qualify for the exclusion. If the taxpayer’s adjusted gross income exceeds $150,000 for a single filer, or $300,000 for joint filers, the deduction is phased out. The exclusion is reduced...More |
||||
Personal Planner
"Who would take care of our children? I am not sure anyone would be willing to accept that responsibility," remarked...More |
||||||