Solutions to Make Better Decisions with Your Taxes and Money

Understanding IRS Forms 1095-A, 1095-B and 1095-C

Understanding IRS Forms 1095-A, 1095-B and 1095-C - TaxAct Blog

Aside from Form W-2 and the usual tax documents that find their way into your mailbox during tax season, this year, you may also receive new forms related to the Affordable Care Act. But, what you are you supposed to do with them? To help clear … [Continue reading]

5 Popular Tax Credits — Do You Qualify?

5 Popular Tax Credits — Do You Qualify? - TaxAct Blog

There’s a good reason why people love tax credits. Unlike tax deductions, which lower your taxable income, tax credits lower your tax bill dollar for dollar. However, not every tax credit is the same. There are two different categories – … [Continue reading]

5 Tax Tips Millennials Can Use to Get a Bigger Refund

5 Tax Tips Millennials Can Use to Get a Bigger Refund - TaxAct Blog

Tips to get your maximum refund and put more money back in your pocket. You’ve heard the term “Millennials” used to describe people born sometime between 1980 and 2000. If your birthday fits into that time period, there’s a good chance you may be … [Continue reading]

Don’t Leave Yourself Exposed! Protect Your Health and Financial Security

Don't Leave Yourself Exposed! Protect Your Health and Financial Security - TaxAct Blog

Having health insurance is one of the smartest moves you can make financially. Not only does health insurance help protect you and your family’s health; it helps protect your financial security. An unexpected injury or illness can throw both your … [Continue reading]

7 Tax Filing Tips Parents Need to Know

7 Tax Filing Tips Parents Need to Know - TaxAct Blog

The Internal Revenue Service (IRS) offers many deductions and credits that benefit parents and other taxpayers who claim dependents. To take advantage of these tax breaks, here are seven tax filing tips you need to know. … [Continue reading]

7 FAQs to Better Understand Form 1095-C

7 FAQs to Better Understand Form 1095-C - TaxAct Blog

Beginning this January, besides your usual Form W-2 from your employer, you may receive a new form related to the Affordable Care Act; Form 1095-C. If you purchased or received health insurance outside of the health insurance exchanges in 2015, … [Continue reading]

What You Need to Know About the Penalty for Not Having Health Insurance

What you need to know about the penalty for not having Health Insurance - TaxAct Blog

With the Affordable Care Act came the requirement that nearly every American have health insurance. (This is sometimes also called the individual mandate or individual share responsibility payment.) But people who are healthy may wonder whether … [Continue reading]

Avoid These Common Mistakes When You Are Shopping for Heath Insurance

Avoid these common mistakes when you are shopping for heath insurance - TaxAct Blog

Shopping for health insurance is probably not at the top of anyone’s list for fun things to do. But with just a little preparation, you can usually shop for and enroll in a plan in 15-20 minutes. Make sure you avoid these common mistakes, which … [Continue reading]

6 Steps to Minimizing Taxes on Retirement Income

6 Steps to Minimizing Taxes on Retirement Income - TaxAct Blog

If you’re planning to retire in the near future, or if you already have, you know that minimizing taxes is an important part of creating a successful retirement plan. You can live on a lot less if you’re not sending a large portion of your money … [Continue reading]