Headed to the gym this summer? You may soon be able to claim a tax benefit for the trip. The House Ways and Means Committee has advanced a bill which would grant taxpayers a break on gym memberships and fitness classes.
Supreme Court justices typically don’t cut their teeth on tax cases and nominee Brett Kavanaugh is no exception. There is one tax-related case, though, in his career that stands out. Here’s more.
Tax season opens today. If you received a tax refund check, how would you spend it? Here’s my answer.
As Senate leaders search for ways to make the numbers work, Republicans believe they might have a solution. Although there was no mention of Obamacare repeal in either of the House or Senate original plans, Republicans plan to include language to repeal the Affordable Care Act’s individual mandate.
In a reversal, the Internal Revenue Service (IRS) has indicated that it will not accept electronically filed tax returns where the taxpayer does not address the health coverage requirements of the Affordable Care Act (ACA). This is in contrast to the 2017 filing season.
After failing to repeal Obamacare, Congress is taking on tax reform – a job many have declared will be even more difficult than health care reform. To emphasize their commitment to the task, joint leadership from the Senate, House and White House have released a statement.