Tax & Financial Planning for Caregivers of Adults and Children

Highlights

Objectives

This half-day session will discuss a variety of unique tax and financial planning issues pertaining to families, and will include recent tax changes under the Tax Cuts and Jobs Act that affect such planning.  We will be comparing 2017 to 2018 legislation.

Many parents and caregivers are unaware of some tax benefits, deductions and credits available to them because of their family situation.

As our population ages, more and more of us will be affected by taking care of aging parents and perhaps also special needs dependents.

As a CPA, you have the ability to gain the knowledge to help your clients by understanding some of the fine nuances associated with medical expense deductions (i.e., retirement plan distributions and home equity loans), the tax benefit rule, and the interaction for the medical expense and home equity deductions, as well as other financing techniques, with the AMT.

As the definition of ‘family’ expands and tax laws change, CPAs and other financial advisors need to understand the opportunities available to assist their families as they plan for their unique situations.  A case study will be provided.  Additionally, there will be information provided on the top mistakes in planning for special needs dependents.

Designed For

For CPAs and other financial advisors