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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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The Tax Moves Business Owners Need to Make Before Year End
When you start a new business, it’s easy to get caught up in running everything and forget about paying taxes. But you need to plan ahead to avoid a surprise in April. Business owners should make these three moves before the end of the year to ...
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Tax Breaks for Hurricane Victims
It has been a particularly devastating season for hurricanes across North America and beyond. People living everywhere from Puerto Rico and the Caribbean to Texas and Florida are just beginning to deal with the devastation brought to their lives, bel...
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Top IRS Penalties and How to Avoid Them
While the IRS will never win a popularity contest, failing to obey tax laws or submitting a tax return with mistakes can subject you to penalties and fines. Use this penalty checklist as a guide to prepare accurate and timely tax returns. Tax Mistake...
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Tax Changes Coming for 2017
While many taxpayers consider January through April to be tax season, taxes are a year-round endeavor. Make sure you’re up to date on tax changes coming for 2017 to save yourself time and money at filing time. 2017 Tax Changes: Brackets and Ded...
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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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