If we switch to filing separately my income should make me eligible Medicaid but will my lump sum for back benefits affect my eligibility? ======>>>>?
It depends; Disabled people who are approved for Social Security benefits will receive Medicare, and those who are approved for Supplemental Security Income will receive Medicaid. in most states, when you, as a disabled person , are approved for SSI, then you are also automatically approved for Medicaid benefits however, in the states of Illinois and Ohio, they may have a lower income or asset limit for the Medicaid program than the SSI program.so plz contact your state local Social Security office regarding their Medicare/Medicaid eligibility.
Can my wife keep all of the rental property expenses and income on her taxes? =====>>>it depends ; If you live in one of the community property states, you will be required to provide additional information regarding your spouse?s income
If the rental property is in both names and you file separately you can split the rental income and all expenses in half if a joint account is used to receive rents and pay expenses. You could also decide to choose who will claim the rental property on their return.
If an account owned by only one of you is used for the rental activity and/or the rental is only in one of her name, then, she per should claim the rental activity on her separate return.
I am still a little fuzzy on how to file/report the benefits for past years. Can you explain that to me? My head is really spinning. Any additional advice or suggestions are most welcome. ===>>as mentioned above