Tag: Tax Credit

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 »

Fiscal Cliff: Payroll Credit and Income Tax Cut Extensions, Unemployment Insurance and Reserve Bank Actions

The American economy is experiencing a seeming reversal of fortune following significant internal and external headwinds. The stock market, which tends to be a leading indicator of the economy, is… Read more »

2016-2017 American Opportunity Education Tax Credit (AOTC) Extension – Eligibility, Income and Phase-out Limits

Congress and the Obama administration reached an agreement a few years ago that extended the American Opportunity Tax Credit (AOTC) through 2018. The AOTC allows parents and students to receive a tax… Read more »

2017 vs 2018 Child Tax Credit Qualification and Income Thresholds with Trump GOP Tax Reform Updates

[Trump/GOP Tax Reforms and impact to CTC] As part of GOP tax reform bills to support President Trump’s tax reform agenda, there were provisions in place to increase the child tax credit… Read more »