How Do I Know I Need to File?

At tax-time, “Do I need to file a tax return?”, is a common tax question we hear.  This question comes up because people think they don’t make enough money to file their taxes.  The IRS has income filing requirements necessary for you to file, however there are cases where your income may be less than…

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Tax Dependents – Who can you claim?

Raising families can be expensive. That is why Congress and the IRS have made tax deductions and credits available to families to help keep money in their pocket at tax time.  One of the biggest deductions available to families is the dependent deduction. A dependent is a person who relies on another, especially a family…

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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…

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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.

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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…

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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…

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A federal tax refund is the largest lump sum of money received in a year by the average American household. An estimated $230 billion1 in federal tax refunds will be issued this year to the nation’s taxpayers. Approximately $140 billion1 will be in consumers’ pockets by Feb. 15. In 2012, the average federal tax refund averaged $2,7002,…

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Tax time presents a unique opportunity for Americans to jump start their savings. The national savings rate is currently just below one percent. This month an estimated $140 billion in refunds will reach about 45 million people’s pockets. (1) However only 25 percent of taxpayers plan to put at least a portion of their tax…

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Consumers’ Brave New World of Health Insurance in 2014

In the 2010s, consumers have adapted to many fast-changing aspects of life, quickly moving from cell phones to smartphones and from DVRs to binge-watching movies via video streams on tablets. But one aspect of American life that’s changing fast where consumers are still playing catch-up is with new forms of health insurance. Most attention is…

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You may be hearing about healthcare reform more frequently these days with the passage of the Affordable Care Act (ACA), signed in March 2010 and upheld by a Supreme Court ruling in June 2012. But what is the Affordable Care Act, and what does it mean for you? Here’s an overview of what you need…

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