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Monthly Tax Tip - January 2012
The Internal Revenue Service is warning about so-called phishing scams.
Monthly Tax Tip - November 2011
Year-end tax planning is especially challenging this year because of uncertainty over whether Congress will enact sweeping tax reform
Monthly Tax Tip - October 2011
The following is a summary of the most important tax developments that have occurred in the past three months
Monthly Tax Tip - September 2011
Taxpayers that want to correct an excess or unwanted contribution to an individual retirement account (IRA) for the 2010 tax year
Monthly Tax Tip - August 2011
The following is a summary of the most important tax developments that have occurred in the past three months
Monthly Tax Tip - July 2011
Massachusetts has updated its guidelines on the tax treatment of employer-provided health care benefits.

Articles written by QRGA, LLP.
 
Nursing Home Costs Continue to Climb

One of the greatest fears of older Americans is that they may end up in a nursing home. This means not only a great loss of personal autonomy, but also a tremendous financial price. The median cost of a private room in a nursing home in the U.S. is $74,208 a year, or $203 a day, according to the 2009 Genworth Cost of Care Survey. The highest rates for a private room in 2009 were reported in the state of Alaska, where the median annual cost is $187,610, or $514 a day. The lowest rates were found in Louisiana, at $50,594 a year, or $139 a day. The average length of stay in a nursing home for current residents is 3 years, which makes the median cost of a nursing home stay in a private room approximately $222,624.

 
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