Blog entries discussing Personal Taxes
More than 50 tax provisions, including the tax rate schedules, and other tax changes are adjusted for inflation in 2016. Let’s take a look at the Tax Rates, Deductions & Exemptions that are Continue reading Tax Rates, Deductions & Exemptions
When you enroll in coverage through the Marketplace during Open Season, which runs through Jan. 31, 2016, you can choose to have monthly advance credit payments sent Continue reading Advance Payment Premium Tax Credit
2016 Retirement Contribution Limits
The Internal Revenue Service has announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax Continue reading 2016 Retirement Contribution Limits
Eligible employees should begin planning now to take full advantage of their employer’s health flexible spending accounts (FSA) during 2016.
Flexible Spending Accounts provide Continue reading Health Flexible Spending Accounts in 2016
From tax credits and educational expenses to the AMT, many of the tax changes affecting individuals for 2015 were related to the signing of the American Taxpayer Relief Act (ATRA) in 2012–tax provisions that were modified, made Continue reading 2015 Tax Review for Individuals
The Affordable Care Act includes the Obamacare Individual Responsibility provision that requires you, your spouse, and your dependents to have Continue reading Obamacare Individual Responsibility
Year-end Tax planning for individuals presents similar challenges to last year due to the unknown fate of the numerous tax extenders that expired at the end of Continue reading Year-End Tax Planning for Individuals
Generally, debt that is forgiven or canceled by a lender is considered taxable income by the IRS and must be included as income on your tax return. Examples include a debt for which you are Continue reading Is Canceled Debt Taxable?
You should always keep copies of your tax return for your records. You may need to keep copies of your tax return filed for many reasons. For example, they can help you prepare Continue reading Keep Copies of Your Tax Return
Many Tax Planning Tricks for College are available to help you pay higher education costs, whether for your children or yourself, but you’ll see how you will be rewarded by performing some tax planning tricks for college! Let’s take a Continue reading Tax Planning Tricks for College
