Tag: tax filing

Early preparation may help taxpayers glide through tax season
Taxes

Early preparation may help taxpayers glide through tax season

Looking back may be the first step in moving forward on filing taxes for 2023. Some key tax documents have already started to arrive in emails and mailboxes, signaling it’s time to get ready for tax season. Taxpayers may want to view their 2022 return as they prepare for filing their 2023 return. One of

Taxpayers may owe Uncle Sam due to health-care subsidies
Taxes

Taxpayers may owe Uncle Sam due to health-care subsidies

This tax season marks the first time taxpayers who received federal subsidies to purchase insurance on health-care exchanges will have to report these tax credits on their returns, leading to confusion for some and a potential tax liability for others. Many subsidies — or Premium Tax Credits — were issued upfront and based on estimated