As explained on the official government health care site, the Affordable Care Act has three goals: Make affordable health insurance available to more people. The law provides consumers with subsidies ("premium tax credits") that lower costs for households with incomes...
Taxes
Minimize Taxes – Boost Retirement Funds
Are you looking for another way to minimize your 2023 taxable income for better tax results? Max out your annual contribution to your 401(k) retirement plan account if you haven’t already. This strategy is a two-for-one winner. In 2023, you can contribute as much as...
Year-End Tax Planning
The more your business minimizes its tax liability, the better your bottom line. So, let’s look at some things you may be able to do between now and year-end to possibly lower your tax bill in April. OPTIMIZE DEDUCTIONS AND CREDITS The more deductions you claim, the...