Tis the season to overindulge and eat too much. Well, before you try to deduct your gym membership dues there are some things you need to know. Michael Rubin explains requirements for deducting your weight loss expenses.
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.
Business owners and others are analyzing the healthcare reform law to see what new adjustments to expect to make the transition smoother. A new provision that is expected to start in 2012 might impact how small business owners do their taxes.