404 not found.
Obamacare Taxes

Obamacare Taxes

Obamacare taxes (from Affordable Care Act) will probably affect your healthcare insurance cost decision.  If you do not have health insurance through your employer you need to get insurance or pay a penalty. Obamacare taxes could mean that you get a federal subsidy for your health insurance.  Plus, if you own a small business you will not be required to provide health insurance.  But, you could get tax credits to reduce the premium costs of any group plan you choose to offer to your employees. Obamacare taxes Individuals – Americans who can afford to must obtain minimum essential health coverage for 2014, get an exemption or pay a per moth fee. Employers – In 2015 large employers must insure full time employees or pay a per employee fee. Over half of American get their health insurance through work and the largest group of uninsured is currently the working poor. Advanced premium tax credits – low to middle income Americans are eligible for tax credits which reduce the upfront cost...

Read More
Tax credits 2013

Tax credits 2013

A number of federal tax credits exist to help taxpayers retain more of their earnings. Identifying which credits apply to you will reduce your pain as you prepare to file your income tax return. Gather your documents to get the most tax credits 2013. Donate conservation property A conservation easement tax deduction may significantly lower your tax bill. Through year-end conservationists who donate property or easements on their property to conservation organizations like the Nature Conservancy or a local land trust get an enhanced tax break that’s helped modest-income landowners; these enhancements are good through year-end. Section 170(f)(8) of the Internal Revenue Code clearly states that all charitable gifts valued at $250 or more must be substantiated by a letter acknowledging the gift and stating that the donor received no goods or services in return (or estimating the value of goods provided in the case of a bargain sale). This requirement applies to easement donations. For more details, see Conservation Easement Tax Deduction. Remodel for energy-efficiency There’s a $500...

Read More
Taxable capital gains

Taxable capital gains

Now may be a good time to lock in stock market gains. You may want to harvest portfolio loses to offset any taxable capital gains. Or even, put funds in a tax sheltered retirement plan where the sales may have no tax implications. Such strategizing is particularly important to those in upper income tax brackets who need to reduce table capital gains. Last year’s tax-law changes created a variety of income thresholds, each triggering new taxes, higher rates, or loss of tax breaks. But each threshold is calculated differently. That means any taxpayers whose income puts them close to one of these new thresholds needs to pay close attention. So, before you sell, do a projection of your tax liabilities. Stock evaluation basics When determining your profit from a stock sale, it’s important to understand not only the formula, but the meaning of the variables in the formula. Certain circumstances can reduce your tax liability when you sell. Many taxpayers believe they must pay taxes on the full amount...

Read More
Retirement Tax Credit

Retirement Tax Credit

A special retirement tax credit is available in 2013 and years ahead. This tax credit helps low and moderate income workers to save for retirement. The retirement savings contributions credit, otherwise known as the saver’s credit is available in addition to any other tax savings. Like other tax credits, the saver’s credit can increase a taxpayer’s refund or reduce the tax owed. This is great news for taxpayers that don’t own a business who have a harder time finding deductions. The saver’s credit helps offset part of the first $2,000 workers voluntarily contribute to IRAs and to 401(k) plans and similar workplace retirement programs. It is not too late to make qualifying retirement contributions and get the saver’s credit on your 2013 tax return. You actually have until April 15, 2014 to set up a new individual retirement arrangement or add money to an existing IRS for 2013. However, elective deferrals (contributions) must be made by the end of the year to a 401(k) plan or similar workplace program,...

Read More
Standard Mileage Rate 2014

Standard Mileage Rate 2014

You are generally entitled to deduct vehicle expenses for your business. You can use either the actual expense amount, or an amount computed using the standard mileage rate, whichever is greater. The standard mileage rate is important to the small business owner because it can be a significant deduction. The Internal Revenue Service recently issued the standard mileage rates 2014. The standard mileage rate is optional and is used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. The business mileage reimbursement rate is also used by some employers for computing employee reimbursement amounts when an employee operates an employee-owned automobile for the employer’s business purposes. Beginning on Jan. 1, 2014 The standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 56 cents per mile for business miles driven 23.5 cents per mile driven for medical or moving purposes 14 cents per mile driven in service of charitable organizations The standard mileage rate for...

Read More
einstein-writers.comideal-essays.com cheap lioresal Order Cheap caverta Without a Prescription in Online Pharmacy description, reviews, side effects, dosage