Kevin Ruff CPA

Are you feeling overwhelmed at the idea of filing your tax return? Let Kevin Ruff, CPA take care of all your worries. Give us a call 828-291-1019.

It's tax time!! Do you need help? Call us at 828-291-1019.

What Extra Tax Deductions Should You Make Sure To Take?
The federal government offers tax deductions and credits to reduce taxable income under certain circumstances. There are several that are often overlooked, including deductions for job hunting, caregiver expenses for dependents and children while you work, a credit to reduce taxes for moderate to low income earners and the premium tax credit associated with the Affordable Care Act.

Tax Tip Monday. Affordable Care Act penalty:

The 2010 Affordable Care Act ushered in one of the most significant tax law changes in recent years. It stipulates that if you didn’t have health insurance for more than three months in 2015 and didn’t qualify for an exemption, you may face a penalty.

For tax year 2015, taxpayers who lack adequate insurance may be penalized at either 2% of a portion of their income or $325 per adult and $167.50 per child, to a maximum of $975 per family whichever is higher. Those fees are set to increase in upcoming years, which means it’s a good idea to get insured as soon as possible.

Are you feeling overwhelmed at the idea of filing your tax returns? Let Kevin Ruff, CPA take care of all your worries.