To provide assistance to the estimated 50,000,000 uninsured US citizens facing crucial healthcare decisions, Intuit Inc recently launched their TurboTax 2012 AnswerXchange. This is a unique social community that gives people customized, objective answers to their questions about Obamacare (i.e. the Affordable Care Act). This community is designed for people with no insurance, who want to know about the kind of healthcare cover available, and the cost of the Obamacare insurance exchanges.
Now, millions of people can use the TurboTax AnswerXchange, which is an impartial resource committed to helping citizens make informed decisions about … Read the rest
Filing your taxes on time can be a very long and time consuming process if you do not have a clue of what you are doing. However, you can make this process as easy as possible by simply choosing to file online with TurboTax or TaxAct. If neither of these tax filing options is ideal based on your personal needs, you should consider using H&R Block Home edition which also receives good reviews.
It is important that you consider your free online options to file your taxes prior to deciding which would be … Read the rest
A perk or fringe benefit is a financial benefit that your employer provides for you. Whether that benefit is taxable depends on a number of factors. The tax implications of many fringe benefits are well understood. Here are some less familiar tax implications:
Airline Miles Become Taxable
Earlier this year (prompted by a claim by Citibank that the miles it grants its customers upon opening an account (among other items) are gifts and therefore the recipient is on the hook for paying taxes) the IRS publicly stated that the value of frequent-flier miles are “provided as a premium for opening … Read the rest