Affordable Care Act (ACA) tax effects continue in 2018.
There is little change to the Affordable Care Act for 2018 The individual mandate penalty continues for 1 more year. Warning: Taxpayers who received an advance premium tax credit (APTC) in 2018 may have to pay some or all of it back to IRS at tax time.
Energy credits trimmed for 2018 (maybe).
Credits for all energy improvements except solar systems have expired. learn more
At least we thought so. The credit was killed in 2017, but reinstated for 1 more year in 2018. It is unknown if it will be retroactively extended for 2018
Mortgage Forgiveness Relief Act has expired.
The cancellation of mortgage debt is considered taxable income again, except for special circumstances.
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 ...