Solutions to Make Better Decisions with Your Taxes and Money

ACA Advance Premium Tax Credits Continue

On Thursday, June 25, 2015, the Supreme Court ruled in favor of tax subsidies for qualified taxpayers who purchase insurance through federally-run exchanges. In short, advance premium tax credits will continue. This is good news for millions of Americans who enrolled in health insurance through the federal marketplace and receive tax subsidies to help offset […]

What Are the Tax Subsidies for the Affordable Care Act?

One of the central objectives of the Patient Protection and Affordable Care Act — also known as the ACA or “Obamacare” — is to make health care coverage more affordable for millions of Americans who previously couldn’t get, or couldn’t pay for, health insurance. The ACA accomplishes this, in part, by offering tax subsidies to […]

Are You Uninsured? Find Out If You Qualify for a Health Insurance Penalty Exemption

2014 is the first year that individuals in the U.S. may have to pay a penalty if they don’t have sufficient health insurance under the Affordable Care Act. If you have minimum essential coverage through your employer or that you’ve purchased on your own or through your state’s marketplace, you likely don’t need to worry […]

Weekly Favorites: Taxes From A To Z (2014): B Is For Basis, and more

TaxACT Weekly Favorites:  March 7, 2014 7 Tricky Tax Return Questions—Answered! via Bottom Line Publications Each new year brings tricky changes in the tax code, creating confusion when it comes time to fill out tax forms and do tax planning. Last year’s soaring stock prices and rising real estate values could further complicate these tasks […]

You Have Insurance. So What Does the ACA Offer You?

Do you have health insurance through work? For you, the question might be: Do I need to use the healthcare marketplaces that are part of the Affordable Care Act, sometimes called Obamacare? The simple answer is: No, you probably don’t need to. It’s possible, however, that you might want to. A Job-Based Plan If you […]