Category Archives: Tax Changes

Income changes? Check your advance payments of the premium tax credit

Did you choose to reduce your monthly health insurance premium by having advance payments of your federal income tax credit sent to your insurance company?  If you’re getting married this summer, having a baby, or changing jobs, you need to estimate the impact of those events on the advance payments.  Otherwise you may end up with a surprise in the… (more…)

Take Your Choice for Deducting Home Office Expenses

You now have a choice in how you deduct the expense of a home office.  Our Bergen County CPA office offers you insight to this. Starting with your 2013 tax return, you can either deduct the actual expenses connected with your home office, or you can use the simplified method of deducting $5 per square foot of the part of… (more…)