Solutions to Make Better Decisions with Your Money

Single Parents and the Affordable Care Act

Single Parents and the Affordable Care Act - TaxACT

What Does the Affordable Care Act Mean for Single Parents? The answer depends on whether a single parent is employed (or technically an employer offers affordable health insurance) or not. Self-employed single parents or those with no access to employer-sponsored health insurance can shop anywhere for coverage. Experts recommend, however, that single parents start shopping […]

What the Affordable Care Act Means For Families

What the Affordable Care Act Means For Families - TaxACT

If you had access to health insurance for your family, regardless of where you worked or whether you were employed, would you and your spouse still be doing what you are doing now, and working where you are today? For a number of families, the answer to this question is a resounding “no.” Thanks to […]

Affordable Care Act 2014 Premium Tax Credit and Penalties

Affordable Care Act 2014 Premium Tax Credit and Penalties - TaxACT

Can provisions of the Affordable Care Act help you pay for health insurance coverage? Yes! Starting January 1, 2014, you are generally required to have adequate health insurance or pay a penalty. The good news is that if your income is within certain limits, you may qualify for an advanced premium tax credit to help […]

4 Health Insurance Plans Included in the Affordable Care Act

4 Health Insurance Plans Included in the Affordable Care Act - TaxACT

What types of health insurance plans are available through the Affordable Care Act? What kind of insurance plans will you find on the health insurance marketplace? The simple answer to both questions is: all kinds. All plans available are required to offer 10 basic coverage areas, which include hospitalization, outpatient care prescription drugs and laboratory […]

Affordable Care Act: 4 Ways to Get Health Insurance and Picking the Right One

Affordable Care Act 4 Ways to Get Health Insurance and Picking the Right One - TaxACT

What is the one thing you want to own, but hope you never use? That would be health insurance! In fact, the average three-day hospital stay costs $30,000, which would completely wipe out most families’ savings accounts and/or children’s college funds. Buying health insurance is an important way to protect you and your family in […]

Weekly Favorites: Are Americans fleeing due to taxes? and more.

TaxACT Weekly Favorites - September 27

TaxACT Weekly Favorites:  September 27, 2013 Are Americans fleeing due to taxes? via Kay Bell (Bankrate) The State Department estimates that 7.6 million people no longer call the United States home. And while U.S. statisticians don’t track why people relocate, it’s a safe bet that lots of the moves are because of taxes. Continue reading… How the New […]

What is a Health Insurance Marketplace and Who Should Care?

What is a Health Insurance Marketplace and Who Should Care - TaxACT

What is a health insurance marketplace? Also known as health insurance exchanges, a health insurance marketplace is part of the Affordable Care Act (ACA), better known as healthcare reform. The marketplace is an online store where people can shop for health insurance, compare the various plans, and enroll in a plan. Starting January 1, 2014, […]

Affordable Care Act Tax Law Changes for Higher Income Taxpayers

New Affordable Care Act Taxes for Higher Income Taxpayers - TaxACT

Most taxpayers don’t need to worry about the new additional 3.8% tax on net investment income, or the additional 0.9% Medicare tax. These taxes only apply to individuals (and estates and trusts) that have income over certain levels. You generally won’t pay either of these taxes unless you make over $200,000 in one year. If […]

2012 W-2 Form Changes You Should Know

Whats Changed on Your 2012 W2 Forms

There’s been some confusion as of late surrounding the 2012 W-2 form changes and the purpose behind such a change. The following outlines what’s new, what it means for your 2012 tax return and what it means for you going forward.