Tag: 2016

2018 vs. 2019 Federal IRS Tax Brackets, Tax Rates, Standard Deduction and Personal Exemption Updates

[Updated with 2019 Tax Brackets] Below are the 2019 IRS tax brackets. Note that the updated tax rates and brackets would only apply for the 2019 tax year (filed in 2020)…. Read more »

2016 vs. 2017 Obamacare Health Insurance Subsidies and Tax Credits

Despite ObamaCare, formally known as the Affordable Care Act, having been around for several years now there is still considerable uncertainty around the various tax credits and subsidies on premiums, deductibles, co-payments, and… Read more »

Why Is It Taking So Long To Get My Tax Refund and Why Your 2019 Refund May Be Delayed by the IRS

When it comes to tax season I receive a lot of reader questions, many tinged with a hint of desperation, around why IRS tax refunds are taking so long and what… Read more »

2017 and 2018 vs. 2019 Tax Penalty Amounts and Exemptions For Not Having Health Insurance Under ObamaCare – GOP/Trump Updates

[Updated] Will i still have to pay health insurance penalties (under the Obamacare individual mandate) in 2017 or 2018? This is the question a lot of Americans are asking. The… Read more »

2017 and 2018 Simple IRA Contribution and Income Limits – Small Business Retirement Plans

A SIMPLE IRA is also a small business IRA-based plan with a simplified method for employers to make direct contributions (via salary reductions) toward their employees’ retirement and their own retirement…. Read more »

When Will I Get My Tax Refund and Why is my State e-file Still Pending? IRS Tax eFile Refund Cycle and Direct Deposit Schedule

You’ve filed your tax return and are expecting a tax refund. Congratulations!  Now, you want to know when to expect your refund.  Generally, if you e-file and use direct deposit,… Read more »

2018 HSA Contribution Limits and Tax Rules For High deductible Health Insurance Plans and Health Savings Accounts

[Updated with latest HSA limits following new tax laws] Based on IRS figures and tax law changes, here are the latest HSA limits.  HSAs have risen in popularity thanks to health-care… Read more »