Affordable Care Act Tax Provisions. Check out the new Affordable Care Act Tax Provisions Home Page Información en Español: Disposiciones de La Ley del Cuidado de Salud de Bajo Precio Update The open enrollment period to purchase health insurance coverage for 2014 through the Health Insurance Marketplace ran from Oct. 1, 2013, through March 31, 2014.
If you are seeking information about how to obtain health care coverage or financial assistance to purchase health care coverage for you and your family, visit the Health and Human Services website, HealthCare.gov. The American Recovery and Reinvestment Act of 2009: Information Center. Update May 31, 2013 — Some of the credits and other provisions described on this page, which either expired at the end of 2011 or were set to change or expire at the end of 2012, were extended by the American Taxpayer Relief Act of 2012 (ATRA).
Updated information is noted, where applicable, on the web pages relating to these specific credits and other provisions. Update Oct. 31, 2011 — Some of the credits and other provisions described on this page, which were to change or expire at the end of 2010, were extended by the Tax Relief and Job Creation Act of 2010. Additional updated information is noted, where applicable, on the web pages relating to these specific credits and other provisions.
Update July 6, 2010 — For those claiming the homebuyer credit, the deadline for closing (going to settlement) on home purchases was extended from June 30 to Sept. 30, 2010.
Taxes. PTIN Requirements for Tax Return Preparers. Are you having trouble logging into your online PTIN account?
Watch this video for tips on resolving common login problems. PTIN renewal and registration for 2014 are still available. January 2013 fiscal clift. Taxation in the United States. The United States of America is a federal republic with autonomous state and local governments.
Taxes are imposed in the United States at each of these levels. These include taxes on income, payroll, property, sales, imports, estates and gifts, as well as various fees. In 2010 taxes collected by federal, state and municipal governments amounted to 24.8% of GDP. In the OECD, only Chile and Mexico taxed less as a share of GDP.[1] The United States also has one of the most progressive tax systems in the industrialized world.[2][3][4] A Brief History of Income Taxes. Updated for Tax Year: 2010 Did you know President Abraham Lincoln, one of America's most beloved leaders, also instituted one of its least liked obligations - the income tax?
In this brief history of taxes, see the historical events which shaped income taxes in the United States today. Click on the infographic below to open it in a new window. Tax Foundation. Taxes. President Obama has passed wide-ranging tax relief for working families and small businesses — the drivers of economic growth.
But to pay down our deficit and invest in the future, we have to make hard choices. That means asking those at the top to do their fair share and putting an end to special privileges and loopholes that benefit those who need them the least. Tax Cuts for the Middle Class Within weeks of taking office, President Obama took immediate action in the midst of the economic crisis to restore security for middle-class families by cutting their taxes in the Recovery Act. Since then, President Obama has continued to cut taxes for middle class families to make it easier for them to make ends meet.
Taxes Information and Taxes News - Forbes.com. Taxmoney.jpg (JPEG Image, 3500 × 2334 pixels) Internal Revenue Service. Plans Jan. 30 Tax Season Opening For 1040 Filers. IR-2013-2, Jan. 8, 2013 WASHINGTON — Following the January tax law changes made by Congress under the American Taxpayer Relief Act (ATRA), the Internal Revenue Service announced today it plans to open the 2013 filing season and begin processing individual income tax returns on Jan. 30.
The IRS will begin accepting tax returns on that date after updating forms and completing programming and testing of its processing systems. This will reflect the bulk of the late tax law changes enacted Jan. 2. Provides Guidance on Withholding in 2013. Withholding To Reflect Expiration of 2001 and 2003 Tax Cuts; Guidance Would Be Modified If Congress Acts This news release has been superseded by IR-2013-1.
IR-2012-105, Dec. 31, 2012 WASHINGTON — The Internal Revenue Service today released new income-tax withholding tables for 2013 and issued special instructions on implementing new income tax and Social Security tax rates. In issuing this guidance, the IRS takes note of the fact that Congress is currently considering legislation that could affect these rates. If this legislation is enacted, IRS will issue new, corresponding tables at that time. n1036. Credits & Deductions for Individuals. EITC Home Page--It’s easier than ever to find out if you qualify for EITC If you worked but earned less than $51,567 during 2013, you may qualify for EITC.
The Earned Income Tax Credit, sometimes called EIC is a tax credit to help you keep more of what you earned. You must file a return and claim the credit to receive it. Find out more about EITC and links to helpful tools and resources. Filing Options. Free File: Do Your Federal Taxes for Free. When Can I Expect My Refund? FS-2012-4, January 2012 The Internal Revenue Service reminds taxpayers to keep in mind that many variables can affect the speed of a tax refund.
Using e-file with direct deposit remains the fastest option for taxpayers. Following technology improvements, the IRS will issue refunds to more taxpayers in as few as 10 days this year for those who e-file and select direct deposit. Overall, the IRS issues the vast majority (more than 9 out of 10) of all refunds — whether filed electronically or on paper — in 21 days or less. Although refund speed will generally increase overall, the IRS emphasizes these are “best-case scenarios,” where tax returns are filed accurately and no corrections or review are required.
Amended Returns: Eight Facts. IRS Tax Tip 2012-72, April 13, 2012 If you discover an error on your federal income tax return after you e-filed or mailed it, you may want or need to amend your return.