Cut Taxes and Save on Energy Bills with Home Energy Credits You can reduce your taxes and save on your energy bills with certain home improvements. Here are some key facts that you should know about home energy tax credit:
Category: Tax Credits
Still Time to Contribute to IRA for 2014
April 15th Deadline The Internal Revenue Service reminded taxpayers that they still have time to contribute to an IRA for 2014 and, in many cases, qualify for a deduction or even a tax credit. To count for 2014, contributions must be made
Consumer Alert: Affordable Care Act Tax Returns
Affordable Care Act Consumer Alert: Choose Your Tax Preparer Wisely The IRS urges taxpayers to choose their tax professional carefully as reports are coming in from around the country describing unscrupulous preparers who instruct their clients to make individual shared
Penalty Relief for the Repayment of the Advanced Premium Tax Credit
The IRS recently issued Notice 2015-9, providing limited penalty relief for qualified tax returns which have a repayment of the advanced premium tax credit. Generally, taxpayers who do not pay their entire tax liability by the return due date would
EITC Awareness Day 2015
Today is National Earned Income Tax Credit (EITC) Awareness Day for 2015. Four out of five workers claim and get the EITC they earned. In California alone, statistics for the 2013 tax year included 3.1 million EITC claims for a total
Tax Increase Prevention Act of 2014
Congress has passed the Tax Increase Prevention Act of 2014 which includes more than 50 tax breaks (tax extenders) that were set to expire December 31, 2013 but have been extended temporarily and retroactively. So what exactly are tax extenders, anyway? Tax
2014 Year End Tax Planning
Year-end Tax Planning Tips from the National Society of Accountants Current individual income tax rates of 10, 15, 25, 28, 33, 35 and 39.6 percent will be in place for 2015, as will current tax treatment of capital gains and
Apply for 2015 Health Coverage
The Healthcare.gov Marketplace open enrollment for 2015 starts November 15, 2014. Get ready to apply for affordable care act (ACA) insurance now: Check your state for plans and prices Apply and Enroll for health coverage – Starts Nov. 15, 2014
Moved? Notify the Insurance Marketplace
Moving Can Affect Your Premium Tax Credit If you moved recently, you’ve probably notified the U.S. Postal Service, utility companies, financial institutions and employers of your new address. If you get health insurance coverage through a Health Insurance Marketplace, the
Top Ten Facts for Selling Your Home
Do you know that if you sell your home and make a profit, the gain may not be taxable? That’s just one key tax rule that you should know. Here are ten facts to keep in mind if you sell