The Affordable Care Act requires all Americans to have health insurance or pay a tax penalty. But, who qualifies for an Affordable Care Act exemption? Find out more about who qualifies for an exemption from the Affordable Care Act tax penalty.
For adoptions finalized in 2020, there is a federal adoption tax creditof up to $14,300 per child. The 2020 adoption tax credit is NOT refundable, which means taxpayers can only use the credit if they have federal income tax liability (see below). Who qualifies for the adoption tax credit?
The Additional Child Tax Credit (ACTC) might be just what you need. In this blog post, we’ll explore the definition of ACTC and discuss who qualifies for this often overlooked tax credit. Key Takeaways: ACTC is a refundable tax credit available to parents who have earned income and qua...
An individual who is on welfare is usually provided with free or deeply discounted goods and services. The government requires that individuals or families seeking assistance must prove that their annual income falls below thefederal poverty level (FPL). The FPL is an economic measure of income us...
(HealthCare.gov’s “Marketplace” or the state health insurance exchange or marketplace, if your state runs its own). In some cases, though, you may qualify for anObamacare subsidy(a tax credit from the government to offset some costs) to help you pay part of your monthly health ...
With Waldrop’s health deteriorating, Martin was determined to honor his friend by bringing his work to the big screen. “The cardinal rule of Hollywood is: never use your own money. I broke that. I [thought], ‘God damn it, I’m gonna use my own money,’” he adds. “So we put...