Many families struggling to deal with the financial challenges created by medical conditions or disabilities often find themselves short in cash to pay their taxes. With the April 15 tax filing due date just a […]
IRS warns 2018 property tax prepayments only deductible in 2017 if already assessed in 2017.
Paul Ryan released the American Health Care Act (Act)-the Republican leaderships’ proposed bill to repeal or reform the Obamacare law, the Patient Protection and Affordable Care Act (ACA). When introducing the Act, Speaker Ryan touted […]
How will Rrpublican health reforms change tax subsidies?
Voters’ election of President-elect Donald Trump and a Republican Majority put health care reform squarely back on the table even as leaders debate if repeal or reform, and if reform, what reform Americans want.
Beginning January 1, 2014, the individual coverage mandate rules of the Patient Protection & Affordable Care Act (ACA) generally required most American citizens to maintain health coverage meeting the “minimum essential coverage” mandates of ACA or pay an “individual shared responsibility payment.” With the deadline for filing 2014 individual tax returns rapidly approaching, Americans now generally will be required to show their fulfillment of or exemption from this mandate or pay the “individual shared responsibility” payment that ACA imposes as a penalty for failing to meet its individual coverage mandates when filing their 2014 individual tax returns
On the 1st anniversary of the passage of Health Care Reform, let’s celebrate by accepting the invitation from Joe Biden to “discuss how health care reform is already working.”