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The tax year 2026 and the changes it brings, including the application of the OBBBA and the above-the-line charitable deduction for non-itemizers.
Marketplaces pick the Second Lowest Cost Silver Plan () by looking at the silver-tier plans that actually apply to a payer’s coverage family in the geographic rating area tied to the taxpayer’s ZIP co...
Retirees who want to avoid underpayment penalties in should ensure withholding or estimated payments meet “safe harbor” thresholds—generally 90% of current-year tax or 100% of prior-year tax (110% if ...
In 2025 federal watchdogs and prosecutors documented a steady stream of diversion and fraud tied to , from and to a landmark multibillion-dollar health-care indictment and recurring improper‑payment e...
The 2025 plan-year reconciliation will still use the traditional repayment-cap structure when filers reconcile advance premium tax credits (APTC) with the premium tax credit (PTC) on Form 8962, meanin...
Tax‑exempt interest is reported on Form 1040 at line 2a (the “Tax‑exempt interest” line) even though it is not federally taxable, and that amount is pulled into the Premium Tax Credit (PTC) reconcilia...
The recognizes six standard (ADLs) — eating, toileting, transferring, bathing, dressing, and continence — and treats a person as “” when a licensed health-care practitioner certifies that the person c...
The Premium Tax Credit (PTC) repayment caps for the 2025 tax year limit how much a taxpayer with household income under 400 percent of the federal poverty level (FPL) must repay if advance payments (A...
The IRS and federal guidance confirm that for the 2025 tax year there remain statutory dollar caps on how much a household with income under 400% of the federal poverty level (FPL) must repay if advan...
The remade the federal clean-energy incentive landscape for corporations by extending traditional investment and production tax credits, creating new technology‑neutral credits to replace them, and ad...
A capable of replacing current federal receipts without increasing regressivity would require three mutually reinforcing design elements: a very broad tax base, a high headline rate (or higher if exem...
directly determines which federal poverty line (FPL) is used to judge eligibility and subsidy amounts for the (PTC), because the test compares a household’s income to the poverty guideline for that fa...
The income thresholds that determine Advance Premium Tax Credit (APTC) repayment caps for the are set using the and, like prior years, the dollar caps on repayments are adjusted for inflation by reven...
Taxpayers who receive (APTC) in 2025 can substantially reduce the risk of an unexpected repayment by staying current on income and household changes, filing and completing Form 8962 accurately, and us...
Life events—marriage, divorce or legal separation, and the birth or adoption of a child—change household size and often household income, and those shifts directly affect both how much Advance Premium...
When advance premium tax credits (APTC, often called subsidies) paid to insurers exceed what an enrollee is entitled to based on their actual annual income, reconciliation on the tax return triggers r...
Farmers and fishermen who derive at least two‑thirds of their gross income from farming or fishing have special estimated‑tax rules for 2025: instead of quarterly payments they generally make a single...
The law in effect for the 2025 tax year (claims reconciled on 2026 returns) retains statutory dollar caps on how much taxpayers with household incomes below 400% of the federal poverty level (FPL) mus...
State tax rules in 2025 do not uniformly override the federal reality that taxpayers who take the standard deduction generally cannot claim a federal charitable deduction for cash gifts in 2025 (non‑i...