• Double Check the Check

    Double Check the Check

    Double Check the Check – An idea to keep your tax life simple Following these tips when you receive a check from the Federal or State government can save you more head-aches than you can imagine. Tip: Double check the dollar amount of your refund check before you cash it. Make sure it matches the amount on your tax return. Tip: If you have a direct deposit of your refund, only deposit it into one account. This makes matching the dollar amount easier to do. Tip: Never cash a check received from the IRS or State tax departments that you

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  • The New Premium Tax Credit – Claim it now or take it later?

    The New Premium Tax Credit – Claim it now or take it later?

    Beginning on October 1, 2013 a new Health Insurance Marketplace is being opened by each state. This Marketplace will allow open enrollment for uninsured to obtain health insurance. If eligible you may also receive a reduction in your insurance premium by use of a Premium Tax Credit. Should you apply the credit now or wait and receive the credit on your tax return? Here is what you need to know. Effective October 1st, there is a new tax credit available; The Premium Tax Credit. If you are eligible for this credit you can decide to take it now based on

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