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Is the Business Health Insurance Tax Credit More Trouble Than It’s Worth?

As we’re waiting for the Supreme Court to make its decision on the Affordable Care Act (“Obamacare”), we’d like to ask you a simple question. How much of the Affordable Care Act is worth keeping?

We’re asking you that because we came across this interesting article about the small business health insurance tax credit which . . . → Read More: Is the Business Health Insurance Tax Credit More Trouble Than It’s Worth?

So Why IS Individual Health Insurance So Expensive?

If you’ve ever been gobsmacked by an individual health insurance quote, and wondered just HOW could health insurance cost so much, health policy analyst John Goodman breaks it down for you:

The answer is simple: it isn’t subsidized.

Every other form of insurance coverage gets massive subsidies. Obviously Medicare and Medicaid, being government programs, get . . . → Read More: So Why IS Individual Health Insurance So Expensive?

Only 1 in 3 Small Business Used the Health Insurance Tax Credit This Year

And it’s yet another year where we’re astounded by how many small businesses are not taking the small business health insurance tax credits.  How many small businesses giving up in tax credits?  Advocacy group Families USA is estimating that out of the over three million small businesses believed to be eligible for the tax credits, . . . → Read More: Only 1 in 3 Small Business Used the Health Insurance Tax Credit This Year

Last Minute Tax Review: Have You Taken All the Deductions On Your Healthcare?

If you’ve put off doing your taxes this long, well, you don’t any time to waste, so we’re going to make this short and sweet:  Have you taken all the deductions you can on your healthcare expenses?  Here’s the super-quick review of some commonly-overlooked deductions:

Medical Expenses. You can deduct the amount by which your . . . → Read More: Last Minute Tax Review: Have You Taken All the Deductions On Your Healthcare?

CBO Thinks Small Businesses Are Giving Up $20 Billion in Health Insurance Tax Credits

And it’s yet another year where we’re astounded by how many small businesses are not taking the small business health insurance tax credits.  How much small businesses giving up in tax credits?  The Congressional Budget Office is estimating that small businesses are giving up $20 billion in health insurance tax credits over the next ten . . . → Read More: CBO Thinks Small Businesses Are Giving Up $20 Billion in Health Insurance Tax Credits

Video: The Small Business Health Insurance Tax Credit

Still working on your taxes? There’s still time to claim the small business health insurance tax credit! And since many small businesses have been counting on the small business health insurance tax credits to help them through the economic recovery, we’ve found one more resource to help you through the pain. The IRS has actually . . . → Read More: Video: The Small Business Health Insurance Tax Credit

Join Our First Ever Tax Season Hangout on April 1st!

It’s no joke!  We’ll be holding our first ever Tax Season discussion group on April 1st from  4 p.m. to 5 p.m. (Pacific time) on Google+ Hangout.  If you have any last minute questions about deducting medical expenses from  your taxes, the small business health insurance tax credit, the self-employment health insurance tax deduction or . . . → Read More: Join Our First Ever Tax Season Hangout on April 1st!

Small Business: Last Minute Tax Tips for the Health Insurance Tax Credit!

We know tax season is counting down, especially for small businesses who may need to file on March 15th. If you are struggling with how to use the health insurance tax credit for small businesses on your returns, here are some last minute tips to remember:

You must use Form 8941, Credit for Small Employer . . . → Read More: Small Business: Last Minute Tax Tips for the Health Insurance Tax Credit!

Tax Season Tips: Have You Taken All the Medical Expense Deductions You Can?

As we head into the home stretch of tax season, we wanted to run down medical deductions that most people are not aware of. You may deduct only the amount by which your total medical care expenses for the year exceed 7.5% of your adjusted gross income, but keep reading! That may seem impossible for . . . → Read More: Tax Season Tips: Have You Taken All the Medical Expense Deductions You Can?

Small Businesses: The Health Insurance Tax Credit Calculator

With many small businesses having to file their taxes by March 15th, here’s a link to some last minute help with the  small business health insurance tax credit.  The good folks over at the National Federation of Independent Businesses have put together a calculator to help small businesses figure out how much of their health . . . → Read More: Small Businesses: The Health Insurance Tax Credit Calculator