Affordable Care Act (ACA) tax effects continue in 2016.
This year some tax provisions of the Affordable Care Act change. The maximum penalty for going without health insurance during part or all of 2016 has again increased dramatically. Warning: Taxpayers who received an advance premium tax credit (APTC) in 2016 may have to pay some or all of it back to IRS at tax time.
Energy credits renewed for 2016.
At the end of 2015, Congress extended numerous tax incentives for individuals to invest in energy-efficient products. However, there is a catch. learn more
Mortgage Forgiveness Relief Act of 2007 extended through 2016.
Normally mortgage debt relieved in a foreclosure is taxable income. This act provides significant tax benefits.
Are you getting all the credits that you deserve ?
Many taxpayers are failing to take advantage of several new tax credits that could have saved hundreds, even thousands of dollars.
Are you one of them ? learn more ...