Affordable Care Act, Obamacare, or the individual health insurance mandate, they have been all the buzz today, since the individual health insurance mandate was upheld today by a Supreme Court ruling. The individual insurance mandate aims to extend health insurance coverage to 30 million uninsured Americans, but how does that ruling impact your taxes today or even the next time you file your taxes?
“Super Committee” misses the deficit reduction agreement deadline. Find out how that impacts your taxes. Full story
At tax time, one of the forms that you might run into is the 1099… Full story
After months of waiting, Congress finally agreed to raise the 14.3 trillion debt ceiling and reduce federal spending, instantly giving the Treasury 400 billion additional borrowing power. Full story
It’s a critical year for Congress and the President to reach agreement about tax reform and the Federal budget. Not only can new legislation affect where tax revenue is spent, it can also change where it is derived from. Congress and the President play a dual role in making this happen. Full story