Call 225.925.TAX8

Watching over what counts

Healthcare and Taxes

  • Bring Form 1095 to Tax Appointment

    By Shanta on February 10, 2016
    0
    0
    The Affordable Health Care Act, also known as Obamacare, introduced three new tax forms relevant to individuals, employers and health insurance providers. They are forms 1095-A, 1095-B and 1095-C. These forms help determine if you need to comply with the new shared responsibility payment, the fee you might have to pay if you don’t have health insurance. For individuals who […]
  • Tips to Maximize Car Donations

    By Shanta on June 9, 2015
    0
    0
    A little mistake could cost you plenty. One of the biggest contributions a taxpayer can make is to donate a used automobile. But if not careful, the value of a donated vehicle could be a lot lower than you think. The rule When you donate a vehicle, the value of your donation is either the fair market value of your […]
  • Watch for Form 1095 – A

    By Shanta on January 5, 2015
    0
    0
  • Year End Tax Planning for Individuals

    By Shanta on November 7, 2014
    0
    0
    For most taxpayers, year-end provides the last opportunity for tax planning. As in previous years, tax planning for 2014 will be more challenging due to the many tax incentives that expired at the end of 2013. Unless Congress chooses to reauthorize the extend taxes retroactive to the beginning of the year soon, such uncertainty is likely further compound effective planning. […]
  • 2015 Healthcare Open Enrollment

    By Shanta on September 16, 2014
    0
    0
    The Open Enrollment period for 2015 coverage is November 15, 2014 to February 15, 2015. If you haven’t enrolled in coverage by then, you generally can’t buy Marketplace health coverage for 2015 until the next Open Enrollment period for coverage the following year. If you’re enrolled in a 2014 Marketplace plan, your benefit year ends December 31, 2014. To continue health coverage […]
  • Administration extending health care enrollment for some

    By Shanta on March 28, 2014
    0
    0
    President Obama administration has extended the health care exchange deadline for those who start the process before March 31st.  Due to the mass demand, provisions are being made for individuals that have begun the process but not complete by the deadline. Officials said they would loosen the deadline for those with “complex or extenuating” circumstances that keep them from fully […]
  • Immigration Status and the Marketplace

    By Shanta on March 11, 2014
    0
    0
    Following is a list of immigration statuses that qualify for Marketplace coverage. Lawful Permanent Resident (LPR/Green Card holder) Asylee Refugee Cuban/Haitian Entrant Paroled into the U.S. Conditional Entrant Granted before 1980 Battered Spouse, Child and Parent Victim of Trafficking and his/her Spouse, Child, Sibling or Parent Granted Withholding of Deportation or Withholding of Removal, under the immigration laws or under […]
  • Health Insurance Enrollment – Signup by March 31, 2014 & Avoid the Penalty

    By Shanta on March 11, 2014
    0
    0
    Here’s a quick rundown on the most important things to know about the Health Insurance Marketplace, sometimes known as the health insurance “exchange.” Follow the links for more information on each topic. The Health Insurance Marketplace helps uninsured people find health coverage. You may qualify for: Private health insurance. Plans cover essential health benefits, pre-existing conditions, and preventive care. Lower […]
  • The Premium Tax Credit

    By Shanta on January 23, 2014
    0
    0
    Basic Information Starting in 2014, if you get your health insurance coverage through the Health Insurance Marketplace, you may be eligible for the Premium Tax Credit. This tax credit can help make purchasing health insurance coverage more affordable for people with moderate incomes. The open enrollment period to purchase health insurance coverage for 2014 through the Marketplace runs from Oct. […]
  • Understanding the Affordable Care Act

    By Shanta on November 5, 2013
    0
    0
    The Affordable Care Act (ACA) is a federal law that will change the rules that apply to health insurance starting in January, 2014. Many taxpayers will qualify for a new tax credit to help pay for their insurance or may qualify for free health insurance. To receive these benefits, you generally have to file your taxes-and the tax return you […]