The Affordable Care Act Premium Tax Credit is a new refundable tax credit that can lower your monthly health insurance premiums. If you qualify for the tax credit, you can claim the Premium Tax Credit throughout the year to lower your monthly health insu
If you buy a home with your spouse andfile taxes as a couple, you claim the total amount of qualified mortgage interest on your joint return. However, if you’remarried and file taxes separately, or you borrowed money to buy a home with someone who isn’t your spouse, you each get to...
Mortgage interest State and local income taxes Medical or dental expenses Charitable donations Each taxpayer must choose between claiming the standard deduction or itemizing. The standard deduction is a preset amount that varies according to the taxpayer'sfiling status. The decision depends on which opt...
Running a restaurant is a challenging feat. Not only do you have to worry about personnel, service, food quality, and the customer experience, but you also have to run the back office. You can easily overlook important criteria such as taxes, insurance, customer safety, profitability, and sta...
What is the effect of the moral hazard problem on insurance premiums? What is the difference between incidental damages and consequential damages? What are exceptions or oversights in a tax law that allow some people and businesses to avoid paying taxes. What is the principal-agent p...