Whether your child is a newborn or a teenager almost ready to head off to college, children have an impact on your taxes. Here are some of the things you should know. Get That Number You probably were given a...
Today, Congress passed the Bipartisan Budget Act of 2018, averting a government shutdown and providing tax relief for millions of Americans. The President signed it into law soon afterward. The law includes special tax relief for certain disaster victims, the...
As the holiday season quickly approaches, the giving season is also upon us, as many of us feel encouraged to donate during the last few months of the year. This year, in the wake of the recent devastation caused by...
Following the devastation left from Hurricanes Harvey, Irma, and Maria, the Disaster Tax Relief and Airport and Airway Extension Act of 2017 was recently signed into law. The bill provides relief, in addition to the already extended tax deadlines provided...
Following the recent destruction caused by Hurricane Harvey and Hurricane Irma, the IRS has announced tax relief for victims of Hurricane Harvey in parts of Texas and victims of Hurricane Irma in parts of Florida, Puerto Rico and the Virgin...
Following the multiple disasters in Mississippi over the last year, and recent floods in the Houston, Texas, the Federal Management Agency (FEMA) has declared these disaster areas. As a result, IRS is providing tax relief to victims in these areas, including:...
If you didn’t have health insurance in 2015, you might now owe a penalty on your taxes for not being covered. However, about 70% of uninsured Americans may qualify for an exemption from the tax penalty on their 2015 taxes....
If you’re uninsured, you may qualify for a health insurance penalty exemption. Nearly three in four uninsured TurboTax filers have claimed an exemption from the individual health care mandate tax penalty as of Jan. 31, according to new data TurboTax...
Today the Department of Treasury announced that it is expanding relief to taxpayers who received incorrect 1095-A forms for reasons other than incorrect benchmark premium amounts indicated on their original 1095-A form. Although still a small percentage of taxpayers, there...
The IRS announced yesterday, that taxpayers who owe money on their 2014 taxes due to an excess advanced premium tax credit , will receive penalty relief if they can’t pay the balance owed. The notice provides relief in two different...
Whether your child is a newborn or a teenager almost ready to head off to college, children have an impact on your taxes. Here are some of the things you should know. Get That Number You probably were given a... 
