Posted in cell phones, disease, economy, Education, Health, Millennials, New Year's, news, Politics, pornography, relationships, seniors, teachers, teens

The Twenties: Predictions for the Next Decade

 

Image above from MHLNews

 

Welcome to the 2020’s!!  Whereas the 1920’s were roaring with music, fashion, cars, speak-easy’s, and prohibition, the 2020’s will be no less dramatic.  Expect a high speed roller coaster with exponential changes across the board in all industries, jobs, housing, schooling, technology and relationships. Whether we like it or not, this is where I believe we’re heading……

  1.  Education – most schools will be online, similar to Ready Player One in which a student logs in from home and enters a “virtual classroom” each morning. Afternoons will be designated for sports, exercise and team projects.
  2. Teacher glut – As schools move more towards online, one teacher can teach to multiple virtual classrooms at the same time.  Chat rooms will be staffed by educators who will answer student’s questions individually.  But teacher to student ratio can be widened, allowing school districts to hire less staff.
  3. Half of all US employees will be working from home.
  4. Commercial real estate glut – as more businesses use online platforms, and employees work from home, less office space will be needed, trimming bottom lines for corporations who don’t want to spend extra for rent, cleaning, utilities and security.
  5. Recession will begin mid-decade
  6. Trump will be reelected in 2020 but Pence will fail to win the Presidency in 2024 resulting in the White House turning Democrat mid decade.
  7. A female President or Vice President will elected
  8. Men’s and Women’s restrooms will be renamed as “Restrooms” allowing any gender to use the facilities
  9. Medicine will become socialized as a Democratic executive branch will implement a public option or buy-in to Medicare/Medicaid, with tight rules to curb healthcare spending.
  10. Telemedicine will be your primary care provider with allowances to see a doctor in person if certain criteria are met.
  11. Drones will be delivering medicine, packages, mail to your door
  12. Anorexia and other eating disorders will rise as “intermittent fasting” becomes more popular
  13. New superbugs, viruses and fungi will be resistant to the best of our medications and non antibiotic/viral/fungal treatments will be perfected.
  14. Less than 1/4 of Generation Z’ers (those born after 2000) will choose to get married
  15. Less than 1/4 of Generation Z’ers will have a car
  16. Apartment and condo living will surpass single family residence homes as there is less upkeep and commitment during a trying economy.
  17. The 4-year college degree will be offered for free, but online and useless due to its ubiquity
  18. Virtual TV show watching, where you can  engage within the scene, will surpass current streaming of shows in popularity
  19. Currency will be obsolete as cards and finger prints will be used for money exchange
  20. Kiosks will replace most salespeople in retail industry
  21. A younger “teen” porn industry will arise as kids outsmart parental controls and demand footage devoid of middle-aged actors but casting those in their young twenties….with companies marketing directly to young adults.
  22. Some seniors may live to 125-130 years old
  23. Marijuana use will become epidemic with people becoming tolerant to common strains resulting in needing more potent leaves.
  24. Vegetarian and Vegan diets will surpass meat and potato saturated meals
  25. “Farting rooms” will be created in buildings to allow those who are eating more vegetables to release their gas.
  26. Smart toilets and do it yourself testing will be in every household
  27. The Supreme Court will weigh in on mandatory vaccines
  28. Baby Yoda will have a Star Wars Movie Series
  29. Radio will be stronger than ever as people want to hear real opinions
  30. TV News programs will begin to fall as demand for non-opinionated factual news rises
  31. The Dallas Cowboys will make it to the Superbowl at least once; the Kansas City Chiefs…multiple times.

I know some of these sound crazy but this is where society is heading.  The 2020’s will be fast paced, and blow right by you, so hold on to your hats….which by the way will also be making a comeback.

 

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Daliah Wachs, MD, FAAFP is a nationally syndicated radio personality on GCN Network, KDWN, and iHeart Radio.

 

 

 

 

Posted in economy, Health, news, taxes

Medical Tax Deductions You Never Thought You Could Use

It’s tax season and most of us are hoping to shave a few bucks off our tax bill.  Well many are not aware of the deductions that are available when it comes to medical expenses.

If you spent over 7.5% of your adjusted gross income on unreimbursed medical expenses during 2018, you may be able to deduct what you spent over this 7.5%, according to the IRS.

So, for example, if you make $100,000 a year, 7.5% would equal $7,500.  So lets say you spent $10,000 on medical expenses, subtract the 7.5 % ($7,500) from $10,000, and the remaining $2,500 is tax-deductible.

But the expenses made can also include those of your spouse, children and dependents. Combined, these could qualify you for descent deductions.

Publication 502 breaks down what services or items you purchased in 2018 that are tax-deductible and which are not.  Here’s a brief summary:

Tax Deductible Items:

  • Abortion (legal)
  • Acupuncture
  • Alcohol and Drug Treatment
  • Ambulance Service
  • Annual physicals
  • Artificial Limbs
  • Artificial Teeth/Dentures
  • Bandages – so supplies for wounds, burns, nose bleeds

 

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  • Birth Control Pills
  • Home Improvements
    • under the “Capital Expenses” section, the IRS states the following:
    • You can include in medical expenses amounts you pay for special equipment installed in a home, or for improvements, if their main purpose is medical care for you, your spouse, or your dependent. The cost of permanent improvements that increase the value of your property may be partly included as a medical expense. The cost of the improvement is reduced by the increase in the value of your property. The difference is a medical expense. If the value of your property isn’t increased by the improvement, the entire cost is included as a medical expense.

      Certain improvements made to accommodate a home to your disabled condition, or that of your spouse or your dependents who live with you, don’t usually increase the value of the home and the cost can be included in full as medical expenses. These improvements include, but aren’t limited to, the following items.

      • Constructing entrance or exit ramps for your home.

      • Widening doorways at entrances or exits to your home.

      • Widening or otherwise modifying hallways and interior doorways.

      • Installing railings, support bars, or other modifications to bathrooms.

      • Lowering or modifying kitchen cabinets and equipment.

      • Moving or modifying electrical outlets and fixtures.

      • Installing porch lifts and other forms of lifts (but elevators generally add value to the house).

      • Modifying fire alarms, smoke detectors, and other warning systems.

      • Modifying stairways.

      • Adding handrails or grab bars anywhere (whether or not in bathrooms).

      • Modifying hardware on doors.

      • Modifying areas in front of entrance and exit doorways.

      • Grading the ground to provide access to the residence.

  • Transportation (Uber, Taxi, Bus ride to medical office/lab/hospital)
  • Mileage (18 cents a mile for trips to medical office/lab/hospital)
  • Breast feeding/pump supplies
  • Medications that were prescribed by a provider
  • Hearing Aids
  • Insurance Premiums
  • Oxygen
  • Contact lens/glasses
  • Crutches
  • Service animal – and most of their expenses

 

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  • Lodging and Meals when going to out-of-town medical facilities
  • Nursing home
  • Nursing expenses
  • Pregnancy tests
  • Wigs
  • Wheelchairs
  • Vasectomies
  • and the list goes on

 

Unfortunately the following cannot be written off:

  • Gym memberships
  • Cosmetic surgery (unless for reconstruction after cancer or trauma/disfigurement)
  • Dance lessons – despite using it for weight loss
  • Funeral expenses
  • Maternity clothes
  • Insurance premiums that were covered by the employer
  • Over the counter medications and supplements
  • Teeth whitening

 

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So review the list and see what you can apply to your 2018 itemized deduction worksheet.  But make sure you have your receipts and logging of car mileage…. and start keeping track this year as well!

 

 

 

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Daliah Wachs, MD, FAAFP is a nationally syndicated radio personality on GCN Network, KDWN, and iHeart Radio.