If you are a small employer with fewer than 25 full-time equivalent employees that earn an average wage of less than $50,000 a year and you pay at least half of employee health insurance premiums…then there is a tax credit that may put money in your pocket. The Small Business Health Care Tax Credit is […]
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Courtesy of the IRS Don’t Overlook Special Individual and Small Business Tax Benefits; Choose e-file, e-pay [TaxMama Note: Be careful. If you have disclosure statements that you want to go to IRS with your tax return, make sure your tax software company is transmitting those pages or forms. If you cannot reach them in time, […]
As Tax Filing Extension Deadlines Near, IRS and HHS Announce New Round of Outreach to Small Businesses and Practitioners About the Small Business Health Care Tax Credit Video: Small Business Health Care Tax Credit-Updated English | Spanish | ASL WASHINGTON — As the upcoming filing extension tax deadlines approach, the Internal Revenue Service, in partnership with the […]
WASHINGTON ― During Small Business Week, May 16-20, the Internal Revenue Service encourages those who are self-employed or own a small business to take advantage of certain tax benefits and learn about IRS resources that can help them meet their federal tax obligations. “When you’re running a business, you don’t need to be a tax […]
Today TaxMama wants you to look at your finances to see if you need to take action this month.
[Reprint of an article from Dec. 2004] Numbers updated 11/24/2019 Finally, a tax advantaged health care program that cuts across all income levels and lifestyles – the new Health Savings Accounts (HSAs) – a real boon for people who pay for their insurance coverage. The HSAs slipped into December 8th The Medicare Prescription Drug Improvement […]
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An outline of the provisions under the Ways and Means Committee’s Jurisdiction included in the Economic Recovery package follows: Tax Relief for Individuals · “Making Work Pay Credit” · Expand Earned Income Tax Credit (EITC) · Increase in child tax credit, $0 floor Education · Simplification of education credits w/ $2,500 credit for first four […]