Health Care Tax Credit

Tax

IRS Gets Pat on the Back for Accurate ACA Eligibility Data

A new TIGTA report found that in nearly all instances, the nation's tax agency correctly provided income and family size information to health insurance exchanges to determine the eligibility of individuals for health insurance under the Affordable Care Act.
Tax

IRS: Assess Changes Now That May Affect Your Premium Tax Credit

Certain “changes in circumstances,” such as in household income or family size, could alter how much eligible taxpayers receive in health insurance premium tax credits, the IRS cautioned on Friday.

The 5 Key Small Biz Tax Issues

Midway through the year, whether you work for a small business or have small business clients, it's a good time to pauses and take stock of your tax situation. Consider these five tips.
Tax

Study: Tax Credits for Obamacare Expected to Average $2,700

Americans who currently purchase their own health insurance through the individual market would receive tax credits averaging nearly $2,700 next year for coverage purchased through new insurance marketplaces under the Affordable Care Act (ACA).
Tax

IRS Makes 8.7 Percent Sequestration Reductions

On March 4, the IRS announced it has been forced to trim awards paid to whistleblowers, to reduce refundable credits for certain types of tax-exempt bonds, and to reduce the refundable portion of the Small Business Health Care Tax Credit for some small tax-exempt employers – all by 8.7 percent.
Practice

CPAs Examine Impact of Health Care Reform

Since the US Supreme Court decision to uphold the majority of provisions of the health care reform law, most small business owners, and the CPAs who serve them, have begun to scrutinize how the law will impact them when implemented in 2014.
Election 2012

Paul Ryan's Fiscal Policies under the Microscope

The Republican candidate for vice president, Paul Ryan, is a staunch conservative known for controversial fiscal policies. Would his proposals to reform the federal income tax and Medicare systems "destroy" or "save" the country, as some have claimed?

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