No Tax on Health Care Benefits for 2010 or 2011 or…
How can you tell it’s an election year? By the sheer number of scare tactics and outright lies being shuffled about.
An email is making the rounds – again – suggesting that health care benefits will appear on forms W-2 and will be taxed.
To read the rest of the article, please go to http://bit.ly/9WYZYp
Related posts:
No comments yet.
112No trackbacks yet.
In 2012, Many Tax Benefits Increase Due to Inflation Adjustments
about 3 months ago - No comments
IR-2011-104, Oct. 20, 2011, http://1.usa.gov/nPdoS7 WASHINGTON — For tax year 2012, personal exemptions and standard deductions will rise and tax brackets will widen due to inflation, the Internal Revenue Service announced today. By law, the dollar amounts for a variety of tax provisions, affecting virtually every taxpayer, must be revised each year to keep pace [...]
10 Tips to Ease Tax Time for Military
about 6 months ago - No comments
IRS Summertime Tax Tip 2011-07, July 20, 2011 Military personnel have some unique duties, expenses and transitions. Some special tax benefits may apply when moving to a new base, traveling to a duty station, returning from active duty and more. These tips may put military members a bit “at ease” when it comes to their [...]
Eight Tips from the IRS to Help You Determine if Your Gift is Taxable
about 8 months ago - No comments
IRS Tax Tip 2011-62, March 29, 2011, http://1.usa.gov/ivAo9z If you give someone money or property during your life, you may be subject to the federal gift tax. Most gifts are not subject to the gift tax, but the IRS has put together the following eight tips to help you determine if your gift is taxable. [...]
Health Insurance Tax Breaks for the Self-Employed
about 11 months ago - No comments
IRS Tax Tip 2011-51, March 14, 2011, http://1.usa.gov/fiCYe7 Here is some information from the IRS about a special tax deduction for the self-employed. You may be able to deduct premiums paid for medical and dental insurance and qualified long-term care insurance for you, your spouse, and your dependents if you are one of the following: [...]
Are Your Social Security Benefits Taxable?
about 1 year ago - 1 comment
IRS Tax Tip 2011-26, February 7, 2011 http://bit.ly/fX6pGe The Social Security benefits you received in 2010 may be taxable. You should receive a Form SSA1099 which will show the total amount of your benefits. The information provided on this statement along with the following seven facts from the IRS will help you determine whether or [...]
Nine Tax Deductions You Shouldn’t Even Think About Claiming
about 1 year ago - 1 comment
In her article Kelly Phillips Erb discusses the following nine tax deductions you shouldn’t even think about claiming: Reimbursed job expenses Diets and health club dues Primary telephone landlines Home improvements Campaign expenses Commuting costs Charitable services Pet Care Attorney’s fees To read Ms. Erb’s article, please go to http://aol.it/fK67mc. Related posts:Most Overlooked Tax Deductions [...]
Eight Facts about Filing Status
about 1 year ago - No comments
IRS Tax Tip 2011-09 http://bit.ly/dIRI0S The first step to filing your federal income tax return is to determine which filing status to use. Your filing status is used to determine your filing requirements, standard deduction, eligibility for certain credits and deductions, and your correct tax. There are five filing statuses: Single, Married Filing Jointly, Married [...]
Tax Season Starts on Time for Most Taxpayers; Those Affected by Late Tax Breaks Can File in Mid- to Late February
about 1 year ago - No comments
IR-2010-126, Dec. 23, 2010 http://bit.ly/h21QkW WASHINGTON — Following last week’s tax law changes, the Internal Revenue Service announced today the upcoming tax season will start on time for most people, but taxpayers affected by three recently reinstated deductions need to wait until mid- to late February to file their individual tax returns. In addition, taxpayers [...]
The 2010 Tax Relief Act – An Overview
about 1 year ago - No comments
After much speculation and anticipation, Congress finally passed the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (the Act). The President signed it into law on December 17. The Act, in essence, is an extension of the 2001/2003 Bush-era tax cuts for two years. Also, the Act provides a payroll tax holiday [...]
IRS Helps Small Employers Claim New Health Care Tax Credit; Forms and Additional Guidance Now Available on Small Business Health Care Tax Credit
about 1 year ago - No comments
IR-2010-117, Dec. 2, 2010, http://bit.ly/enp6Lw WASHINGTON — Yesterday the Internal Revenue Service released final guidance for small employers eligible to claim the new small business health care tax credit for the 2010 tax year. Yesterday’s release includes a one-page form and instructions small employers will use to claim the credit for the 2010 tax year. [...]
RSS Feed
