Health Care, Taxes and Building a Better Health Consumer

If it’s April in the U.S., it’s tax season. What’s new this year is that American taxpayers must report their health insurance status when filing their 2014 tax information with the IRS. And one in two taxpayers doesn’t realize that’s the case. This is the first year that, under the Affordable Care Act (ACA), Americans…

Full Story

Cyberfraud. It’s quickly becoming the watchword of this tax filing season. Several weeks ago we saw an increasing number of attempts by cybercriminals to use stolen identities to file fraudulent state income tax returns. Seeing this increase in suspicious filings, we took swift action to secure these returns and, working in consultation with the states,…

Full Story

Remarks from the “Fight Against Fraud” Tax Symposium

On Thursday, January 29th, Intuit Tax and Financial Center was an underwriter for the “Fight Against Fraud” Tax Symposium. The Atlantic took a closer look at how stolen identity fraud and improper EITC payments cost the country more than $5 billion a year–and examined data-based solutions to fighting fraud in the American tax system. Intuit President and CEO, Brad…

Full Story

For years there’s been a lot of talk – in politics, the media and corporate boardrooms – about the need for corporate tax reform to strengthen American economic competitiveness. And indeed, achieving this is essential for growth, job creation and competing in a global economy. But there is another kind of tax reform that is…

Full Story

The Refund to Savings (R2S) initiative is helping more tax filers to gain piece of mind knowing that part of their refund is tucked away for when they really need the money.  They are accomplishing this through simple savings promotions in the TurboTax Freedom Edition (tax prep software offered free as part of the IRS…

Full Story

Tax Refunds: One of the Biggest Paydays for the Average American Family

About 40% of American consumers live paycheck-to-paycheck making the average tax refund of $2,700 a substantial financial resource for the average American family. It’s also the reason so many taxpayers file their taxes before February 14. The American Tax & Financial Center infographic takes a look at the average consumer and how tax refunds help…

Full Story

The Ins and Outs of Earned Income Tax Credits

The Earned Income Tax Credit was passed in 1975 to encourage people to work and reduce poverty.  The credit which may be worth up to $5,891 on American’s tax returns has helped lift millions of people out of poverty. Our experts at the American Tax and Financial Center provide you with a graphical presentation on…

Full Story

Money in the Bank: Using Tax Refunds to Fuel Your Savings

With 40% of Americans unable to meet the majority of their monthly expenses, no wonder tax-time has become an opportunity to get a jump-start on savings.  Our savings release infographic looks at the average American’s financial fears and how they can use their tax refund to fuel their savings and improve their financial future.

Full Story

The Affordable Care Act Timeline

The Affordable Care Act or health care reform was signed into law on March 23, 2010 in an effort to increase access to health insurance for Americans, but there is so much confusion over when health insurance needs to be purchased and when taxes will be impacted.  Our timeline infographic dispels confusion by highlighting key…

Full Story

The Whole Story: How Changes to the Healthcare System Impact Taxes

Healthcare reform or the Affordable Care Act is beginning to be top of mind for many Americans and is starting to raise a lot of questions.  Our healthcare infographic helps put your mind at ease and gives you the facts about healthcare reform to help you understand when you will have to purchase health insurance…

Full Story