The premium tax credit is a refundable tax credit that reduces the monthly premiums for plans in the health insurance market. The figure of the premium tax credit depends on household...
Posted by The TaxAdvocate Group, LLC on 03/17/2021
There are several ways to reduce the tax burden. However, the two most popular are probably tax credits and tax deductions. While they may look the same, they are two very different...
Posted by KLSM CPA Firm PLLC on 02/09/2021
People that do not have health insurance in 2020 will not be subjected to a penalty. Taxpayers need not report their health insurance on their return except either you or a member...
Posted by Abundant Wealth Planning LLC on 01/07/2021
Due to the Affordable Care Act (ACA), millions of Americans are entitled to a premium tax credit that helps pay for health coverage. This question and answer explain who qualifies...
Posted by Abundant Wealth Planning LLC on 10/15/2020
If it is that time of the year again, where you sit and ponder over your tax forms for hours on end to ensure you leave nothing out, it might be time to consider another aspect. If...
The Affordable Care Act (ACA) has the potential to help millions of Americans secure health insurance. Many individuals are still confused about what the law does, how it will affect...
Posted by Pascuzzi Accounting & Tax on 01/03/2015
