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Tax and Politics

Politics may be divisive and polarizing, but it impacts every aspect of our lives—including our taxes. Read this section of our blog to find out when Washington is taking aim at tax policy. New tax laws, tax debates, and even state headlines can be found here. We’ll walk you through all the biggest headlines to help you understand how our elected officials may affect your taxes. Have questions about your taxes? Get them answered by using our free live chat feature, located to the bottom right of your screen – or by clicking here.

Category: Tax and Politics

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Healthcare and Taxes: What You Need to Know
Healthcare and taxes is a confusing subject in the United States, and it has been this way ever since Obamacare came into the picture. American taxpayers are obligated to get insured or face a tax penalty — but that’s just scraping the su...
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You Need to Know THIS About Health Insurance
The Affordable Care Act has been debated since its inception, and now Trump’s executive order may have affected how you report your health insurance coverage on your tax return. The executive order gave the Department of Health and Human Services t...
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How Moving Abroad Affects Your Taxes
Dreaming of Canada? Moving abroad can be a refreshing change, but many fail to realize how their taxes are affected – proper preparation is key. Read below to ensure your financials are in order before hopping on that plane! Tax Considerations ...
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What You Need to Know About IRS Impersonators
At the end of October, 20 arrests were made in connection to a lengthy IRS impersonation scam. It involved persons in 8 states in the U.S., as well as some in India, where the head conspirators resided. Fortunately, these scammers have been rightfull...
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Calculate the Value of Non-Cash Charitable Contributions
Many taxpayers give to charity – but most don’t simply sign on the dotted line of a personal check. Donations come in forms of clothes, cans, electronics, and more. So how do you value these items for proper deduction? If you’re making ...
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Tax Changes for 2016
Always prepare for filing changes one year ahead. That means getting educated on what’s to come and keeping tabs on documents, so you know how your tax refund may be affected. Each year, lawmakers tweak the terms for filing your taxes, but aren’t...
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Need A Fresh Start After Having Back Tax Debt?
Getting caught up in unpaid IRS back tax debt can have you asking yourself a bunch of questions. How can I pay off my IRS tax debt with a payment plan? Can I pay off my back tax debt for less than what’s owed? Am I in danger of having a back ta...
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Can Your License Be Suspended for Tax Debt?
If you’re deep in tax debt, there will be consequences, and they won’t be pretty. But can your license be suspended for tax debt? Can Your License Be Suspended for Tax Debt? First, there’s the interest that piles up. That interest c...
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IRS Budget Cuts On The Tax Horizon
As the US government heads into the new year, the part of Uncle Sam that gives you a tax refund, audits you or your business, or takes a piece of your pie in the form of a tax bill will have a smaller budget to do its job. The IRS’s budget it g...
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Secrets to Lowering Your Tax Bill
Everybody wants to save some money. And one time when everyone either has to pay – or get paid by – the federal government is tax time. A tax bill can be a big inconvenience, but with these tax-saving tips, you can start lowering your tax bill an...
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