2018 Contribution limits for health savings accounts (HSA’s) will be $3450 for individuals with self-only coverage or $6900 for family coverage. Minimum deductibles for high deductible health plans that must accompany an HSA will be $1350 for self-only coverage and $2700 for family coverage in 2018. Maximum out-of-pocket expenses for high deductible health plans will be $6650 for self-only coverage and $13300 for family coverage.
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The best way to protect yourself from Identity Theft is to freeze your credit. Credit must be frozen with all 3 credit reporting agencies in order to be effective. If your credit is frozen, you can still use existing credit cards and lines of credit but new accounts won’t be opened unless your credit is “thawed”. A PIN will be set up when your credit is frozen and will be required to thaw or permanently remove the credit freeze. Be sure to keep this PIN in a safe place where it can be accessed when needed. The links and cost
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2016 Partnership Tax Returns were due on March 15 instead of April 15 in 2017. Calendar year partnership returns that were extended are due by Friday, September 15th. Partnerships file Form 1065 or Form 1065-B. Form 7004 is used to request business tax returns. Monthly payroll depositors have deposits due by Friday, September 15th.
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The American Opportunity Tax Credit (AOTC) is: Worth a maximum benefit up to $2,500 per eligible student. Only available for the first four years at an eligible educational or vocational school. For students pursuing a degree or other recognized education credential. Partially refundable. Eligible taxpayers can get up to $1,000 of the credit as a refund, even if they do not owe any tax. The Lifetime Learning Credit (LLC) is: Worth up to $2,000 per tax return, per year, no matter how many students qualify. Available for all years of postsecondary education and for courses to acquire or improve job skills. Available
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The deadline for 3rd Quarter 2017 Estimated Tax Payments is September 15th. Estimated Tax Payment Vouchers can be found here.
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