By this time most of us have finish our taxes and we don’t want to think about them again for a long while. However, that’s exactly what financially savvy taxpayers do! By taking a look at your tax situation before the year is over, you can take advantage of every legal means to reduce the amount you’ll pay in taxes next year.
Unless you’ve been way out of touch, you probably know that a key part of the Affordable Care Act (ACA) requires that taxpayers have qualifying health care coverage. Those without will need to qualify for an exemption, or pay a penalty. This “Individual Shared Responsibility” provision applies to both individuals and families, so while preparing your tax return this year, here are some things you ought to know.
Mortgage interest rates continue to be low, and home values are on the uptick. If you are considering a refinance, there are some important home mortgage interest rules you should be aware of.
You’ve just picked up your mail and ... uh oh, there among the ads, bills and too numerous offerings for credit cards is that official looking letter from the Internal Revenue Service. A feeling of dread comes over you...but don’t panic or toss it, and please DO open it.