Elderly - Herman & Co. CPA

Increased Medicare Payroll Tax

The Medicare payroll tax is the primary source of financing for Medicare, which generally pays medical bills for individuals who are 65 or older or disabled. It’s crucial to understand the changes that have been made to this crucial tax.

Credit for the Elderly or Disabled

White Plains tax preparation firm Herman & Company CPA’s has all the answers to your personal finance and tax questions! You may be able to take the Credit for the Elderly or the Disabled if you were age 65 or older at the end of last year, or if you are retired on permanent and…