Did you move because of a new job or a new job location in 2014? You may be entitled to an “above-the-line” deduction for your moving expenses.
It will help you in the long-run.
These “extenders” had originally expired on December 31, 2013. As has become the custom, Congress waited until the very last minute to extend these tax benefits retroactively.
A major change to the 2014 Form 1040 resulting from the Affordable Care Act (ACA) – aka Obamacare – is the new refundable Premium Tax Credit.
The biggest change to 2014 tax returns comes from the Affordable Care Act (ACA) – aka Obamacare.
The IRS says you “have to” file a Form 1040 or Form 1040A if your gross income exceeds the total of your standard deduction and personal exemption.
Have you received a Form W-2 from all of the places where you worked in 2014?
For your tax preparer to allow you to take advantage of all the tax deductions, credits, and loopholes, you need to give him complete and accurate information.
Most of the information on your W-2 is self-explanatory. But just what is reported in Boxes 12 and 14?
The IRS has created a new series of information returns to report details of health insurance coverage.