As Republicans negotiate changes to the tax code, one area is set to remain the same: charitable giving. That said, because both the House and Senate proposals nearly double the Standard Deduction, fewer taxpayers will be itemizing, which means they will be giving for the sake of giving, not to reduce their tax bills.
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Genworth Financial released its long-term care Cost of Care Survey for 2013 and the results are sobering. The cost of home care providers, adult day health care facilities, assisted living facilities and nursing homes has been steadily rising over the past 5 years.
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