|Posted on January 16, 2015 at 3:45 PM||comments (1788)|
If the taxpayer must make an individual shared responsibility payment, the annual payment amount is the greater of a percentage of their household income or a flat dollar amount, but is capped at the national average premium for a bronze level health plan available through the Marketplace. They will owe 1/12th of the annual payment for each month they or their dependent(s) don't have either coverage or an exemption.
For 2014, the annual ...Read Full Post »
|Posted on January 16, 2015 at 3:25 PM||comments (193)|
You may not be thinking about taxes before year-end, but you should. Among other things, consider making payments (state taxes, property taxes?) and charitable contributions. Consider selling stocks to grab some gain or loss. And run those numbers.
This year-end, there’s an added reason to think taxes, and Congress didn't give you much time to plan. It just passed the “Tax Increase Prevention Act of 2014″ which the President will surely sign. Before New Year’s, h...Read Full Post »