With tax season under way, it makes sense to consider how certain events will impact your situation. One of those things is buying a home with a mortgage.
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Starting in 2014, the individual mandate for health insurance coverage is in effect. However, once you look deeper, it becomes apparent that the Obamacare tax penalty lacks teeth.
This is something that I don’t get. I don’t think it’s “punishment” for success when the wealthy pay higher taxes. I’m not sure how contributing more to the general advancement of society is a punishment.
One of the biggest stories of the new year is that Colorado started allowing the sale of marijuana for recreational purposes on January 1, 2014. So far it has brought in $1.24 million in taxes.
After a few years I realized that I needed a little more help. Here are the 3 signs that led me to hire an accountant for my taxes:
As you sort through your taxes for the 2013 filing season, and as you plan for the 2014 tax year, the tax preparation company Jackson-Hewitt suggests you keep these four things in mind: