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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Resolutions for Financial “Wellth” for the New Year

Only 31% of people are making New Year’s resolutions for financial health at the start of 2015, down from 43% one year ago. Compare that 31% of people committed to financial wellness to the 51% of people resolving to lose weight. At the start of the New Year, you can’t help but be bombarded with…

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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…

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Health care costs are putting Americans’ financial well-being at-risk, according to Cigna’s survey of U.S. consumers’ attitudes about health and finance.[i] The health plan polled over 1,800 U.S. adults in August 2014 and found that most people feel increasing health care costs will have a major impact on their financial well-being and ability to fund…

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Tax Tips for Gay and Lesbian Couples Post-DOMA

The 2014 tax season marked the first time in U.S. history that married same-sex couples were allowed to file their federal tax returns using a “married” filing status. This was a result of the U.S. Supreme Court’s landmark decision in United States v. Windsor, which held that the federal government’s heterosexual-only definition of marriage under…

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