Many taxpayers wait until year end to use the funds in their flexible spending accounts, but you need to be aware of changes to the rules that took effect this year. The Affordable Care Act of 2010 made some changes…
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Health Insurance Tax Breaks for Self-Employed
Here is some information from the IRS about a special tax deduction for the self-employed. You may be able to deduct premiums paid for medical and dental insurance and qualified long-term care insurance for you, your spouse, and your dependents…
Help is available for the Small Business Health Care Tax Credit
The Internal Revenue Service has released final guidance for small employers eligible to claim the new small business health care tax credit for the 2010 tax year. New Form 8941, Credit for Small Employer Health Insurance Premiums, and newly revised…
Tax Break for Certain Healthcare Professionals
The Affordable Care Act, which was enacted in 2010, contains a tax break for health care professionals (doctors and nurses) who choose to practice in under-served areas. Prior to 2009, healthcare workers that participate in the National Health Services Corps…
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