Marriage Equality Decision and Tax Implications A Supreme Court finding of a constitutional right to same-sex marriage would simplify the tax filing process for married same-sex couples and reduce the compliance burden.  The Supreme Court is set to rule in late June on a case involving four statewide bans on same-sex marriage (Obergefell v. Hodges)….

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When the government and private sector work together to solve problems, they have the ability to change lives. Think of the emergency alerts that you get during severe weather or if a child goes missing in your area. Government agencies broadcast the alerts, but it’s the partnership with the mobile carriers that puts the information…

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A car, housing, or health insurance $24,671 will buy you a new 2015 Subaru Cross-Trek, pay for a one-bedroom apartment in Washington, DC, for a year, or buy a health plan for a family of four covered by an employer in the U.S. That number is this year’s Milliman Medical Index, calculating the average company’s…

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Health is the new black for financial services companies

As health consumers in the U.S. take on more financial responsibility for paying for health care out-of-pocket, they’re feeling the tug on their wallets and savings accounts. Quickly, financial services companies are coming into focus for people to look to at the nexus of physical and financial health. Consumers trust financial service companies – say…

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April 15 – the day countless Americans file their taxes by either clicking “send,” or dropping a bulky envelope in the mail. And, after breathing a collective sigh of relief, we tend to put the whole process out of mind until next year. An understandable reaction, to be sure, but also a wasted opportunity. While…

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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…

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Financial literacy and shopping for health care

With more financial skin in the health care game, and fewer uninsured citizens, too many Americans self-ration health care while trying to “save money” and avoid paying down deductibles that are the centerpiece of their health plans. This is a short-term fiscal choice that can lead to huge future financial and physical costs. In November…

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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,…

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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…

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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…

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