Insurance companies offering plans that don’t meet Affordable Care Act minimum standards will be allowed to continue insuring individual customers on their plans for an additional year. The announcement, made on Nov. 14 by President Obama, provides a grace period for insurance plans and their customers. Full story
One of the worse natural disasters in history hit the Philippines last week. Whether you’ve been hit by a natural disaster or know someone hit by disaster our hearts go out to you or anyone you know faced with this difficult situation. We know that natural disasters may occur without any warning, but hopefully these tips offered by Michael Rubin will help you safeguard your records before they occur.
There are many wonderful reasons for buying gifts for your colleagues and business associates. There’s also one more incentive to make those gift purchases. All or part of the cost of your business gifts can actually become tax deductions. Here are the rules.
As we honor those who have served our country and continue to serve this Veteran’s Day, we would like to share money saving tax tips for our troops protecting our country.
The end of the year is quickly approaching and hopefully you’re expecting a bonus for all of your hard work this year. But just how are bonuses taxed? Check out our bonus calculator that answers one of our most frequently asked questions and find out how your end of year bonus will be taxed. Full story
Fall is here, and if you’re remembering your heating bills from last winter, you probably are already thinking about what you can do to cut that bill. Today, we look at tax breaks that help save you money while you make your home a bit more energy efficient.
When you think of the holiday season, what comes to mind? Gift exchanges? Holiday parties? Home-baked pies? Taxes? I know you have a lot of other things to do this time of year, but the holiday season is a great time to make some last-minute tax moves before the year is over. Here are eight of my favorites. Full story
Did you have a baby this year? If so, congratulations on the little tax deduction! Fortunately, along with your new baby, your family is now eligible for new tax deductions as well. Don’t overlook the tax advantages that come when you add a new member to your family. Full story
When planning for retirement, you need to know what your contribution limits are. And wouldn’t you know it, the maximum contribution limits for 2013 have increased. Knowing about yearly contribution limits helps you develop a retirement savings plan and helps you also make some smart end of year tax moves to save money on your taxes. Full story
With holiday vacations fast approaching, many families are trying to make arrangements to visit their loved ones. The problem for some is that with so many other people traveling it can be expensive. I want to share some tips on how you can save on getting there and how you can lodge in style without breaking the bank. Full story
The IRS officially opened for the 2014 tax season today and a common question asked… Full story
The IRS announced today that it will begin processing tax returns on 1/31/14. The good news for you? TurboTax is open for business and will begin accepting tax returns on January 2, 2014! Full story
Got family? Then you might have tax deductions as well. For each dependent you can claim, you can deduct $3,900 from your federal taxable income, which is likely to reduce your taxes. Full story
Bonuses can change your tax situation depending how large the bonus and what methods employers use to tax the income. Find out how bonuses(supplemental income) are taxed. Full story