Sentences with phrase «assistance tax»

The bottom line, though, is that the availability of the premium assistance tax credit creates a significant planning opportunity for clients.

To the extent that premiums (for a benchmark plan) are higher than the maximum premium, the excess is covered by the premium assistance tax credit.

A tuition assistance tax credit is a proven method for expanding school choice to all families regardless of their ZIP Code.

A tuition assistance tax credit is the place to start.

A bill has been sent to Congress to amend the tax code that would make the first $ 5,250 of employer contributions toward student debt assistance tax deductible, but Natixis chose to begin offering

A bill has been sent to Congress to amend the tax code that would make the first $ 5,250 of employer contributions toward student debt assistance tax deductible, but Natixis chose to begin offering student loan repayment assistance now rather than wait for the bill to officially pass.

The Housing Assistance Tax Act of 2008, which was signed into law by then - President George W. Bush, offered first - time home buyers a tax credit for purchases equal to 10 % of the purchase price (up to a maximum of $ 7,500).

It is also income for all other purposes as well — which means it increases Adjusted Gross Income (AGI) and can impact tax deductions (e.g., the medical expense or miscellaneous itemized deductions) or the phaseout of tax credits (from the American Opportunity Tax Credit, to the phaseout of premium assistance tax credits for health insurance).

This includes House Bill 384, a bill which would create a tuition assistance tax credit program.

Keep in mind, married couples are ineligible for premium assistance tax credits and cost - sharing subsidiaries under the Affordable Care Act if their combined income exceeds the qualifying threshold.

That's only if the company has at least one full - time employee eligible for a premium assistance tax credit or cost - sharing reduction created by the legislation - and analysts say that eligibility isn't an easy thing to judge, meaning all larger employers could face the responsibility come tax - time.

The major refundable credits are the earned income tax credit and the health insurance premium assistance tax credit, which are fully refundable, and the child credit, which is refundable for those with earnings above a threshold amount.

Notably, if Bill chooses to buy a different plan besides the Silver, which may cost more or less, his premium assistance tax credit will continue to be $ 155.58 / month, but his share of the premium will be the remainder left over (whatever that comes out to be).

Given that the new insurance exchanges offer health insurance regardless of actual health or pre-existing conditions, the new rules will shift the health insurance discussion for clients from how to access insurance (e.g., through an employer that offers coverage) to how to afford insurance (through a combination of paying premiums and being eligible for premium assistance tax credits).

Another way to view the premium assistance tax credit is simply to recognize that the formulas effectively cap the maximum amount of premiums that anyone (under 400 % of FPL) will be required to pay out of pocket.

For many clients, the availability of coverage — and especially the support of premium assistance tax credits — may make it easier for them to change jobs, start a new business or consulting practice, or retire early without worrying about health insurance.

Because the premium assistance tax credit is based on the cost of a non-smoker, his tax credit will remain $ 160 / month, and his out - of - pocket cost will rise to $ 340 / month instead of $ 140 / month.