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Should I Open an HSA

A Health Savings Account (HSA) is a type of personal savings account that is exclusively designated for medical expenses. Those … See more

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Blueprint for Employee-Spouse 105-HRA (Health …

Webcompensation paid to your spouse is reasonable. For example, if Henry’ s spouse worked 500 hours, her hourly pay would equal $44 an hour ($22,000 ÷ 500).

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public safety officer tax deduction A $3,000 Deduction!

WebFor example, if you have an AGI of $60,000 of fixed income in retirement, you must first exceed $4,500 in your deductible medical expenses. If your medical …

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Payroll Tax Deferral

WebUPDATE 11-6-21: The employee retention credit will be terminated early as a result of legislation (H.R. 3684) that passed the House of Representatives late Friday and is …

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Augusta Rule: A Comprehensive Guide to the Section 280A

WebDerived from the name of the prestigious Augusta National Golf Club, The Augusta Rule is a clever tax-saving strategy that allows you to turn portions of your …

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The IRS is Cracking Down on S-Corp Salaries: How To Ensure Your

WebThe IRS is turning its attention to S-Corporations (S-Corps) and the salaries paid to shareholder-employees. Ensuring that you are paying yourself a “reasonable …

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2024 Tax Updates

Web4. **Child Tax Credit Continuity:**. – The Child Tax Credit is maintained at $2,000 per child under 17 for both 2023 and 2024, providing continued support for families. 5. **EITC …

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Should I Get Life Insurance For My Kids

WebShould I Get Life Insurance For My Kids? No parent wants to consider the possibility of collecting a death benefit on their child’s life. And this is the reason many families are …

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Individual Tax preparation in Houston Texas

WebPreparing your own income tax return can be a task that leaves you with more questions than answers. According to a study released by the US Government’s General …

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Individual Income Tax Preparation Molen & Associates Tax …

WebSubscribe Now. Molen & Associates have been helping thousands of local Houstonians with their individual income tax preparation for over 30 years.

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Why is Healthcare So Expensive

WebNot having health insurance this year will cost you: The penalty is $695 per adult and $347.50 per child for a maximum of $2,085 per family, or 2.5 percent of the household …

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Fun Facts About Taxes 25 Fun Facts Molen & Associates

WebThe IRS also provided approximately $416 billion in refunds. Cortez was able to defeat Montezuma largely because he incited a tax revolt among the peasants. If you want to …

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IRS Problems Houston Tax Firm Molen & Associates

WebThe Molen & Associates Difference. =. Molen & associates have been helping thousands of taxpayers with all sorts of IRS problems in the Houston area for over 35 years.

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How To Start Tax Planning

WebStep 3: Enter $2,000 for children under 17, or $500 for dependents over 17 in order to decrease the amount of money withheld from each check. Step 4: I advise leaving Step 4 …

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Update: 2018 Health Insurance for S Corporation Owners

Web8/8/22, 1:15 PM Update: 2018 Health Insurance for S Corporation Owners https://bradfordtaxinstitute.com/Content/2018-Health-Ins-S-Corp.aspx 2/ 6

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Tax Strategies For Saving Money as an S Corp Owner

WebAs another S Corp owner tax strategy, the S corporation can establish a health insurance plan for the owner-employee who owns more than 2 per cent in one of two ways: 1) the …

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Law Enforcement Tax Advice for 1099 Income Protecting your …

WebAny tax advisor will tell you that spending $400 on a new weapon will only keep you from paying taxes on an equivalent $400 of income. This means that at a 25% tax rate you will …

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Using a QuickBooks File During an Audit: How to Protect Yourself

WebInstead, create an external account user and provide the agent with that login information. By doing so, you maintain control over your QuickBooks data while still fulfilling the IRS’s …

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