January 20, 2016
There is precious little in life more important than your health, so choosing a health insurance policy shouldn’t be something that you enter into lightly. Be prepared to spend time thoroughly researching different health insurance providers; the five points below should help you make an informed choice:
Watch out for limitations on things like hospital room rates and intensive care, too. Some healthcare policies display rates that limit intensive care costs to 3 times the regular room rate, when in reality, such treatment can often cost much more than 10 times the cost of a room rate. Before you know it, you could be seriously ill and seriously in debt, too!
Other limitations may include ‘pre-existing conditions’ and you will need to check that your policy will exclude this permanently.
Your chosen tax preparer is of course being paid to help you with your taxes, but it’s in the interests of both parties to try and make the process as simple as possible. You are doubtless paying your preparer by the hour, so the easier their job is, the less time it’ll take them, and if your tax preparer is getting bogged down trawling through your...
Did you know that there is now a new, simplified tax form for those who are already 65 or older; or for those who may turn 65 this year? Known as the 1040SR, it’s provided for in section 41106 of the Bipartisan Budget Act of 2018, or BBA, a two-year budget agreement passed by Congress and signed by the President in February of last year.
When Congress decides to make changes to tax rates, that’s when they occur and the frequency at which this happens is hard to predict. Most recent changes were back in 2001, thanks in part to the Economic Growth and Tax Relief Reconciliation Act, which reduced tax rates for both individuals and businesses. So, Congress writes the tax laws, but the IRS are...