With the Fiscal Cliff deal, key tax breaks for families will continue, including the $1,000 child tax credit, the American Opportunity Credit and the Earned Income Tax Credit.
How does Obama’s re-election affect your taxes? It’s still too early to tell for certain, but our Block Talk team has compiled research & reports from a number of media sources to provide an at-a-glance look at what was discussed on the campaign trail and what’s being reported by major news outlets.
In late June, the Supreme Court upheld a critical piece of the Affordable Care Act, the individual mandate. Here’s what it means for you.
In light of this morning’s U.S. Supreme Court decision to uphold the Affordable Care Act, The Tax Institute at H&R Block is already busy interpreting exactly how this momentous decision will impact taxpayers. Below, Kathy Pickering, executive director of The Tax Institute, offers an initial statement on the ruling.