The Affordable Care Act (ACA) provides premium tax credits to help lower the cost of health insurance for eligible households. The premium tax credit – also known as PTC – is a refundable credit that helps eligible individuals and families cover the premiums for their health insurance purchased through the Health Insurance Marketplace. According to […]
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End of Year Tax Planning Advice
It’s almost the end of the year and now is a good time to prepare for tax season in 2025. Easy Tax Service would like to remind you of important tax filing deadlines and documents needed to file your tax return: January 15, 2025 is the due date for the fourth quarter estimated tax payment. […]
Social Security Benefits May Be Taxable
We are nearing the end of 2024 and preparing for the 2025 tax season. The IRS reminds taxpayers that their Social Security benefits may be taxable. The IRS states that your social security benefits may be taxable if your combined income exceeds certain amounts. Furthermore, if you’re married and file a joint return, you and […]