American households will have the opportunity to review their healthcare coverage in November amid the upcoming open enrollment window for those who buy their health insurance through state-based marketplaces or the federal exchange on Healthcare.gov. The open enrollment period begins on Sunday, Nov. 1, and those looking to sign up…

Adult children who financially support a parent may be able to claim that parent as a dependent on their federal tax return. Generally, the parent must have income below an annual limit, and the child must provide more than half their support. Eligibility can unlock credits, deductions and favorable filing…

Social Security’s annual cost-of-living adjustment (COLA) raises monthly benefits, but most Medicare Part B enrollees have their premiums deducted from that same payment. When premiums rise, they absorb part of the increase, leaving less extra money than the COLA percentage suggests. Knowing how the deduction, hold-harmless protections and income-related surcharges…