Tax Credits – Tax Talk

On November 27, the White House released a statement delaying online enrollment for the S.H.O.P. portion of the Affordable Care Act (ACA, also known as Obamacare) for one year. Eligible small businesses, particularly those with fewer than 25 employees should review what this means to them. Here are things you will want to know: 1. […]

Great question! A tax credit lowers your tax bill dollar for dollar. If it is a refundable credit, such as the Earned Income Credit and the Hope education credit, it can also result in a refund when you owe no tax. The deduction reduces your taxable income, which is amount on which you pay taxes. […]

A client recently made me aware that there was no place in Tax Talk to ask questions. So here you are. ~ !! Disclaimer: To comply with IRS requirements, please be advised that any tax advice contained in these answers is not intended or written to be used, and cannot be used, by the reader […]

Tax Talk

Online S.H.O.P. enrollment has been delayed for one year. Here are 5 things small businesses will want to know concerning group health care plans.

What is the difference between an income tax deduction and a tax credit?

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