LOMAH

#106 - Disability Tax Deductions & Taxation of Trusts, ABLE Accounts, SSI and SSDI Payments

#106 - Disability Tax Deductions & Taxation of Trusts, ABLE Accounts, SSI and SSDI Payments

With proper documentation, many expenses qualify as medical deductions. Likewise, Special Needs Trusts and ABLE accounts have unique taxation rules. This episode is two in one with the first half covering how to get documentation necessary to cover medical deductions not commonly considered. The second half of the show discusses the taxation of Special Needs Trusts and ABLE accounts as well as the taxation of SSI and SSDI payments. Show Notes with links to mentioned content at https://www.lomah.org/podcastseason4/105 About the Guest: Michael C. Walther II CPA/PFS, CFP®, CFA® Mike is the founder of  Oak Wealth Advisors with a personal mission to “to assist families in their efforts to provide loved ones with special needs with the financial resources and  other supports necessary to live their lives to their fullest potential.” He is a frequent presenter at national conferences for professional  organizations and non profit as well as a lecturer for universities. Mike is involved in many charities and can be found in print at Business Week, Investment News, The Wall Street Journal, The New York Times, The Washington Post, and others. He has  appeared on CNBC, and ABC News. Mike was the first Illinois financial planner admitted into the Academy of Special Needs Planners. *Find Kim on Instagram @journey2lomah *Find us on Facebook as LOMAH

Duration: 55 min

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