What is Case Management? A âcaseâ is any project, transaction, service or response that is âopenedâ and âclosedâ over a period of time to achieve resolution of a problem, claim, request, proposal, development or other complex activity.
It is income, not age, that determines when you can stop paying federal income taxes. Basically, you have to file a tax return as of publication if you and your spouse, both over 65, had combined income of more than $21,300 or half your Social Security benefits and other income was more than $32,000 combined. If you're single, you have to file if your gross income was more than $10,950.
You may have heard of the lifetime exclusion. This is the amount you can give above and beyond the $14,000 annual limit during the course of your life without incurring gift taxes. For 2015 that amount is a whopping $5,430,000 and will go up to $5,450,000 in 2016. With such a high limit, you'd be right to think that most people won't need to be concerned.