Healthcare

Break a leg, fix a tooth! It’s deductible!! Well-maybe…..

So, you have probably heard that you need quite a bit of medical expenses to have a deduction.  Well…that’s true. But they do add up so keep track. You can deduct medical, dental and optical expenses that are considered Qualified Expenses if you are ITEMIZING your deductions rather than taking the standard deduction AND IF […]

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Get a health insurance credit? Didn’t report it? Uh-oh!

Obamacare……   You’ve heard of it, right?  Well….everyone has to have health insurance or pay a penalty. So “they” came up with a Healthcare Marketplace you could shop on to buy health insurance.  Depending on your individual circumstances you may have been entitled to a discount on that insurance premium, money may have been paid directly […]

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December 2015 Newsletter

Happy Holidays!!!! From all the festive folks at Billings & Company, CPAs to all of our fun-loving and fabulous friends, we would like to wish you the happiest of holidays!!!! Happy holidays……happy holidays………may the tax breaks be bringing happy holidays to you……. Here are some last minute tax tips that you still have time to take advantage […]

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HSA’s-Holiday Season Adventure? R U Ready?

You’ve got nothing to do this time of year right?  Diligently searching to find something to fill your time?  Well, maybe not…but still…… Here’s a little adventure for you to spend some time on…..think about an HSA.   It’s a bit of a Holiday Season Adventure figuring out the in’s and out’s of an HSA….a Health Savings Account.  Where […]

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Health Insurance-Better have it or else

Heard of Obamacare?  How about the penalty for not having Health Insurance all year?  Well, this year that penalty went up. It’s the greater of $325 per adult ($162.50 per child) or 2% of the household income that is over the tax filing requirement.  Maximum of $975 per family……YOWZA!!!!!     You can check out HealthCare.gov for […]

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