September 21, 2023
Regardless of what your situation looked like in 2014, there are six changes that will affect a large number of taxpayers starting in January 2015.
1) Health Insurance Penalty. Part of the Affordable Care Act mandates that all Americans have health insurance or pay a tax penalty as a result. In 2014, the penalties were 1% of your household income or $95 per person – whichever is greater. But in 2015, those penalties
September 7, 2023
The IRS publishes data on our tax returns each year. A few months ago they published figures for 2012 income tax returns. You can find data for several years’ returns at www. irs.gov. Search the term ”tax return statistics”.
The IRS reports that 145 million tax returns were filed in the tax year 2012 reporting