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Blueprint for Employee-Spouse 105-HRA (Health …

WebThe family health insurance plan is in Henry’s spouse’s name. This means the health. insurance is not established in Henry’s business, and so he does not qualify for the self …

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URL: https://molentax.com/wp-content/uploads/2022/08/Blueprint-for-Employee-Spouse-105-HRA-Health-Reimbursement-Arrangement.pdf

public safety officer tax deduction A $3,000 Deduction!

WebFor example, if you have an AGI of $60,000 of fixed income in retirement, you must first exceed $4,500 in your deductible medical expenses. If your medical …

Category:  Medical Go Health

Why is Healthcare So Expensive

WebNot having health insurance this year will cost you: The penalty is $695 per adult and $347.50 per child for a maximum of $2,085 per family, or 2.5 percent of the …

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Update: 2018 Health Insurance for S Corporation Owners

Webfamily health insurance as a tax-advantaged fringe benefit through his or her emplo yer, you lose your eligibilit y for this deduction—ev en if your spouse does not actually accept the …

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2024 Tax Updates

Web4. **Child Tax Credit Continuity:**. – The Child Tax Credit is maintained at $2,000 per child under 17 for both 2023 and 2024, providing continued support for families. 5. **EITC …

Category:  Health Go Health

Insurance: The Who, What and Why

WebThe more common forms, health, life, homeowner’s, disability, auto, and liability, are generally tax-free forms of insurance. Again, there are niche cases, so I’m speaking in …

Category:  Health Go Health

Self-Employment Taxes: A Deeper Dive

WebSelf-employment taxes consist of two main components: Social Security and Medicare taxes. Together, these are calculated on the net earnings from self-employment at a rate …

Category:  Health Go Health

Tax Resources Houston, Tx Preparing You For Your Tax Return

WebMolen & Associates have been providing thousands of taxpayers with professional tax resources in the Houston area since 1980.

Category:  Health Go Health

How To Start Tax Planning

WebA health savings account is tax deductible, grows tax free, and the funds can be used tax free. In order to qualify for an HSA account, you need to be enrolled in a high deductible …

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Tax Documents What To Bring To Your Tax Appointment

WebHealth Savings Account and long-term care reimbursements (1099-SA or 1099-LTC) Expenses related to your investments; Record of estimated tax payments made (Form …

Category:  Health Go Health

What to Bring to my Tax Appointment Molen & Associates

WebHealth Care (New for Tax Year 2018) Form 1095-A if you received health insurance from an Exchange (State or Federal) Marketplace exemption certificate if you applied for and …

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Don’t Let Your Finances Get the Virus

WebCoronavirus not only can impact your health, but also your wallet. At Molen & Associates, we like to focus on what we are good at. We are passionate about unraveling tax …

Category:  Coronavirus Go Health

Payroll compliance Your Payroll Compliance Checklist

WebHealth Insurance If you offer health insurance to your team, make sure that you meet ACA regulations. Most payroll companies will help keep you complaint with ACA regulations …

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Tax Strategies For Saving Money as an S Corp Owner

WebAs another S Corp owner tax strategy, the S corporation can establish a health insurance plan for the owner-employee who owns more than 2 per cent in one of two ways: 1) the …

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Tax Company Near Me Molen & Associates Tax Services

WebMolen & Associates is an income tax preparation, accounting and tax resolution firm operating in the greater Houston area since 1980. We specialize in small business …

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The IRS is Cracking Down on S-Corp Salaries: How To Ensure Your

WebPaying yourself reasonable compensation as an S-Corp shareholder-employee is not only a legal requirement but also essential for maintaining your financial health and avoiding …

Category:  Health Go Health

Individual Tax preparation in Houston Texas

WebSubscribe Now. Navigate tax season stress-free with our expert individual tax preparation services. Trust us to maximize deductions, ensure accuracy, and provide personalized …

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Should I Pay My Child With A W-2 or 1099

WebIt is preferable to pay your child with a W-2. When paid on a W-2, neither you nor your child will be required to pay Social Security or Medicare taxes. Also, you will not have to pay …

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Business Expense Deductions: A Guide for Small Businesses

WebVehicle Use: When using your vehicle for business, expenses like gas, repairs, and insurance can be deducted. You have the option to track all your actual expenses or use …

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Individual Income Tax Preparation Molen & Associates Tax …

WebSubscribe Now. Molen & Associates have been helping thousands of local Houstonians with their individual income tax preparation for over 30 years.

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Law Enforcement Tax Expert Accounting Services & Tax Preparation

WebYour phone is the primary phone on the plan, so all of the surcharges and taxes apply to your line. This means of the $240, your phone accounts for $130 of the plan. You use …

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