Q. My father suffers from advanced dementia and needs care in a nursing home. It costs about $9,500 per month, and we are rapidly spending down his savings. I was told that he might qualify for a Medi-Cal subsidy to help with the cost once his savings are below $2,000. Years ago he signed a… Read More »
Monthly Archives: March 2018
Interest on Home Equity Loans May Still Be Deductible under New Tax Law
Q. My wife and I have a home equity loan. In the past, we have been able to deduct the interest we paid on our taxes. However, under the new tax law, I hear conflicting opinions as to whether those interest payments are still deductible. Do you have any word on that? A. Thanks to… Read More »