Are you wondering if there’s a hard and fast rule about what income is taxable and what income is not taxable? The quick answer is that all income is taxable unless the law specifically excludes it. But as you might Continue reading What Income is Taxable→
Lost Your Job? During this Period There Could Be Unemployment Tax Consequences
Given current economic conditions, you may be faced with tax questions surrounding a job loss and unemployment tax consequences. Here are some answers:
The Affordable Care Act contains two provisions that may affect your tax return this year: the individual shared responsibility provision and the premium tax credit. Here’s what you Continue reading ACA Facts for Individuals and Family→
It’s important to use the right filing status when you file your tax return because the filing status you choose can affect the amount of tax you owe for the year. It may even determine if you must file a tax return. Keep in mind Continue reading Tax Filing Status and Exemptions→
Confused about which credits and deductions you can claim on your 2015 tax return? You’re not alone. Here are six often overlooked personal tax breaks that you won’t want Continue reading Overlooked Personal Tax Breaks→
A Roth IRA is an individual retirement plan that with certain exceptions, is similar to a traditional IRA and subject to the rules that apply to a Continue reading The Basics about the Roth IRA→
The Affordable Care Act requires applicable large employers (ALEs) to file information reporting returns with the IRS and employees. ALEs are generally those employers with 50 or more Continue reading Obamacare Tax Reporting Requirements→
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→
Founded in Boston … and continuing to serve the Greater Boston/Cambridge Business Community!