Beginning in 2014, you’ll start seeing some changes to your taxes if you purchase your healthcare coverage at a health insurance Exchange. This won’t affect your taxes if you are already covered by your employer, Medicare, or Medicaid.
Starting to hear more about health care reform? You’re not alone. And you may be hearing some conflicting information about what you need to do and when you need to do it. At TurboTax, we’re here for you every step of the way so we’ve got the basic facts that you need to know.
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?
Aaaah summer’s in the air. Time to get that sun-kissed skin. Well not so fast. Did you know you will pay an additional 10% federal excise tax if you go to a tanning salon to get that extra glow (guess that’s why Snooki said she tans naturally now)? Michael Rubin gives us the 411 on the Tanning Tax.
Many employers offer Flexible Spending Arrangements. Under the typical flex-spend account you can contribute up to $5,000 pre-tax, to be used for various types of expenses. Find out details about this account before year end.