Solutions to Make Better Decisions with Your Taxes and Money

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]

Can a private marketplace be a good benefits solution for you?

Can a private marketplace be a good benefits solution for you? - TaxAct Blog

The health insurance industry has had its share of the spotlight the last few years, and we've seen the way that employers offer health benefits shift along with the headlines. With the all of the noise, figuring out what solution is right for … [Continue reading]

Several Tax Breaks for Businesses Extended

Several Tax Breaks for Businesses Extended - TaxAct Blog

By Mark Jaeger, Director of Tax Development, TaxAct In December 2015, Congress gave business owners a nice year-end gift by approving a bill that extended many expired or expiring tax breaks for business owners. The Protecting Americans from Tax … [Continue reading]

Three Ways You Benefit From Offering a Retirement Savings Plan

Three Ways You Benefit From Offering a Retirement Savings Plan - TaxAct Blog

As a business owner, you know how challenging it can be to attract and retain talented employees. What you may not know is that a retirement plan is among the most sought after benefits for American workers, second only to health insurance. … [Continue reading]

7 Tips for First Time Tax Filers

7 Tips for First Time Tax Filers - TaxAct Blog

You’ve probably heard people complain about having to file their taxes. Perhaps you’re a bit intimidated as a result. With tax season now upon us, the time has come for you to file your very first tax return. Filing your taxes probably isn’t as … [Continue reading]

14 Key Small Business Deductions for 2015

14 Key Small Business Deductions for 2015 - TaxAct Blog

One of the great benefits about being a small business owner is that you may be able to deduct many business expenses that you would not be able to deduct if you were an employee. Those deductions don’t just reduce your income tax. When you take … [Continue reading]