Setting and Forgetting Medicare Part D

Through Medicare Part D, seniors can afford much-needed drugs for their medical conditions. Many, however, pay more than they should be by leaving their plan on autopilot.

Between October and December, you’ll get the chance to review your plan and make adjustments suitable for your lifestyle and medical needs. You need to look at premium hikes and price changes which can happen very frequently. This is a great way to save money, so make sure to mark down the dates in your calendar!

Missing Tax Breaks on Home Sales

Understanding the IRS rules on tax breaks is essential if you’re planning on downsizing and want to save a huge chunk of money while doing it.

Here’s how it goes. If you’ve owned the home for two to five years prior to selling it then you can reap a tax-free profit of up to $500,000 for married couples and $250,000 for singles.

Before you list a house, make sure to check out other limitations and requirements, especially regarding tax filing status and timing.