California Competes Tax Credit – Deadline: 10/27/2014
With the sunset of the California Enterprise Zone comes a new opportunity for a California business tax credit, the introduction of the California Competes Tax Credit. The tax credit has […]
2013 Higher Education Breaks May Save Your Family Taxes
Tax credits can be especially valuable because they reduce taxes dollar-for-dollar; deductions reduce only the amount of income that’s taxed. A couple of credits are available for higher education expenses: […]
How Will the End of Some Popular Credits and Deductions Affect Your Business?
Did you know that bonus 50% first-year depreciation will no longer be available to your business in 2014 and beyond? And that the Section 179 expensing limit, which allows you […]
Will The SHOP Delay Affect Tax Credit?
It seems like a Catch-22 situation. Due to a rule change, in 2014 you can only claim the federal “tax credit for small employer health insurance premiums” when you purchase […]
Get The Facts On The New “Premium Assistance Credit”
Did you buy health insurance on the government website? If so, you may be eligible for a federal tax credit that begins this month. The new “premium assistance credit” will […]
Small Employer Health Insurance Tax Credit Calculator
Since 2010, small businesses have been able to claim a tax credit if they have less than 25 full-time equivalent employees, pay average annual wages below $50,000, and contribute at […]
Health Care “Play or Pay” Delayed Until 2015
Many employers — including nonprofits — will enjoy a one-year respite from a significant provision of the 2010 health care act: shared responsibility, also known as “play or pay.” The […]
Tax Credit is Available for Adoptions
Together you make a family. Is this the year you’ll become an adoptive parent? In addition to the benefits of family togetherness, you might also qualify for a special break […]
Kids Going to Day Camp? You May Be Eligible For a Tax Credit
Day camp is a qualified expense under the child or dependent care credit, which is worth 20% of qualifying expenses (more if your adjusted gross income is less than $43,000), […]
Tax Credits for Certain New Hires
If you’re considering expanding your staff, hiring from certain disadvantaged groups before the end of 2013 can save you tax. The American Taxpayer Relief Act of 2012 extended the Work […]