From the category archives:

individual

New Health Care Reform Ad Airs

16 October 2009

The proposed excise tax on “Cadillac” health care plans is raising a lot of controversy. Opponents, like Health Care for America Now (HCAN), believe that it might affect middle class Americans and instead, urge increasing the income tax on families making more than $250,000 per year. They’re touting their plan with ads like [...]

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Is McCotter Barking Up the Right Tree with Tax Deductions for Pet Owners?

15 October 2009

In 1999, my husband and I decided that our house was too big and empty for the two of us. So we did what many couples our age did: we got a dog. Our lab mix, Lyle, has been a part of our family ever since. He goes with us to [...]

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Infant Formula Not a Medical Expense

14 October 2009

It’s somehow appropriate that the IRS would release a private letter ruling regarding a double mastectomy in October (in case you’re not aware, it’s Breast Cancer Awareness month). Here are the facts:
Taxpayer had a double mastectomy. She later gave birth to a healthy baby. As a result of the mastectomy, she was [...]

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Health Care Bill Passes Committee

13 October 2009

Are we one step closer to health care reform? The Senate Finance Committee sure gave that impression by putting forth a $829 billion health care bill today. The bill passed in committee by a vote of 14-9 with Sen. Olympia Snowe (R-ME) representing the lone committee member to not vote along party lines.
What [...]

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Tax Day Looms for Procrastinators

12 October 2009

Happy Columbus Day! It’s a holiday for many across the country. I can think of a bunch of fun ways to spend a day off.
However, if you’re one of those taxpayers who filed an extension waaaay back in April to get a little extra time to file your federal income tax [...]

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Fix the Tax Code Friday: Health Care Reform

9 October 2009

It’s Fix the Tax Code Friday! This week, health care reform is in the news again, this time with a focus on the proposed excise tax for high-premium insurance plans.
The latest proposal for health care reform includes a controversial excise tax for high-premium insurance plans which exceed certain thresholds. Much of the concern, [...]

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Ask the taxgirl: Reporting Dicey Income

9 October 2009

Taxpayer asks:
I have a difficult situation. I won a lot of money in my church’s 50/50. I know I have to report it as income but when I asked for written information from my church, they asked me not to report it. They say they aren’t legally allowed to run a 50/50 [...]

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Dear Nancy, Please Don’t Raise Taxes To Pay For Health Care…

8 October 2009

This week, 157 House Democrats (which for math junkies like me, who want to know the actual percentage of House Dems who signed, it’s 62%) signed a letter which put House Speaker Nancy Pelosi (D-CA) on notice that an excise tax on high-cost health care insurance plans is not acceptable. Those who signed the [...]

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Ask the taxgirl: Filing Single When You’re Married

7 October 2009

Taxpayer asks:
Can you file single if you are married? Short info I am still in school only have 1 more year then I am done. My insurance ran out so my husband and I got married for the insurance. We were engaged and already had a date. Just had to bump it up to get [...]

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Tax or No Tax?

30 September 2009

The good news: nearly 50% of American households (47%, to be precise) won’t pay any federal income tax in 2009.
The bad news: the remaining 50% (or so) will have to foot the bill for everyone.
You can thank (or blame) the new economic recovery package for bumping the percentage of taxpayers who won’t be [...]

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