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Health insurance can be pricey.
Luckily, you can get a refundable tax credit just for purchasing health insurance through the Marketplace.
Keep reading to find out how you qualify.
What is the Premium Tax Credit (PTC)?
First, individuals and families with low to moderate income homes can receive a refundable credit (meaning you can receive a refund if it exceeds your tax) to afford their health insurance.
Eligibility
In order to qualify for the PTC, you must meet the following: Continue reading “What is the Premium Tax Credit & Am I Eligible?”
The window is closing to claim your prior year refund.
Luckily for you, this is the last year to claim your 2015 refund. However, you can only claim your refund if you fit within the time-frame of the IRS’ Statute of Limitations. You have three years from the original tax deadline due date to claim a refund for your tax year.
Read on to find out what you need to do to claim your refund.
Can I still e-file my 2015 return?
Continue reading “Can I Still Claim My 2015 Refund?”
The tax deadline is April 15, 2019!
For residents of Maine and Massachusetts, they have until April 17 to file their 2018 tax return. Here’s some important information you need to know for filing by the tax deadline.
1. You need to report ALL of your income.
If you don’t report all of your taxable income; all income that is subject to withholding; you will need to amend your return using Form 1040X when the IRS gets a hold of your information.
Not only that, but you may even end up owing money back to the IRS.
2. You can file without a W-2.
Continue reading “6 Facts For Filing Taxes By the Tax Deadline”