Tag Archives: #incometax

Key Terms related to new ABLE Accounts

The Achieving a Better Life Experience (ABLE) Act of 2014 was passed by Congress in late 2014 with significant bipartisan support. The ABLE Act created tax-favored savings accounts for qualified individuals with disabilities (who became disabled before age 26) for tax … Continue reading

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Children…Really Can Save You Money!

Let’s face it…children are expensive! But having a bundle of joy could also bring you joy at tax season impacting your return in big ways. There are many tax breaks to consider for taxpayers with children or other dependents. These include exemptions, … Continue reading

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Highway Bill Revises Return Due Dates

President Obama signed the Surface Transportation and Veterans Health Care Choice Improvement Act of 2015  on July 31. The Act revises some return due dates, overrules the Supreme Court’s decision in Home Concrete, revises the employer shared responsibility requirements in … Continue reading

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