Congress Allowing Higher Medical Deductions for 2019 and 2020
Medical expenses are deductible as an itemized deduction but only to the extent they exceed a percentage of a taxpayer’s adjusted gross income (AGI). For
Medical
Tax Central
Congress Passes Last-Minute Tax Changes
Congress, at almost the last minute, has passed a large number of tax changes, including retirement plan issues that will become effective in 2020, as well as e
Life Events
Deducting the Costs of Modifications for Senior-Proofing a Home
While Americans may argue about any number of hot-button political topics, there’s no disagreement on one issue: the country’s population is aging&h
Health Care Reform
Relief from the Affordable Care Act Penalty for Not Being Insured
Thanks to the tax reform, beginning in 2019, the penalty for not having adequate health insurance, which the government refers to as the “individual share
Videos & Info Graphics
Are You Paying Outstanding Medical or Dental Bills at Year-end?
Do you have outstanding medical or dental bills that are adding up? Use these tax planning strategies to maximize your tax savings.
Medical Insurance and Taxes
The Affordable Care Act (ACA) imposed significant penalties on taxpayers and their families who do not have ACA-compliant health insurance. Even though the tax
Surrogacy Fees and Taxes
Articles about the taxability and deductibility of surrogacy fees are rare because there are far fewer surrogacies than with conventional births. Surrogacy is a
Disabled Taxpayer Tax Benefits
Taxpayers with disabilities may qualify for a number of tax credits and other tax benefits. Parents of children with disabilities may also qualify. Listed below
Not-Being-Insured Penalty Eliminated
Beginning in 2014, the Affordable Care Act, also known as Obamacare, imposed what a “share-responsibility payment” on taxpayers who did not sign up
Understanding the Health Insurance Mandate
As of 2014, the Affordable Care Act imposed the new requirement that all people in the United States, with certain exceptions, have minimum essential health car