tax benefits

What’s New on the 2012 Form 1040

IRS has released on its website a number of the final tax forms and instructions for the 2012 tax year, including Form 1040, along with its related schedules. They reflect many administrative and law changes that apply for the 2012 … read more

Tax Credits to Help Make Health Insurance More Affordable

On May 18, 2012 the Treasury Department issued final regulations implementing the premium tax credit to give middle-class Americans tax benefits to make the purchase of health insurance affordable. Starting in 2014, Americans receive help to purchase private health coverage … read more

Your Kids May Help You to Qualify for Tax Benefits

As a mom of two precocious little boys under the age of four, I spend a great deal of time saying things like “please don’t hit your brother” or “please don’t step on your brother” or my favorite “my house … read more

Automatic Enrollment 401(k) Plans

About half the workforce does not have a retirement savings plan and fewer than 10 percent of those without plans at work contribute to a plan on their own.  That makes the idea of an automatic enrollment 401(k) plan very … read more

Substantiating Noncash Charitable Contributions

Charitable contributions can yield great tax benefits, but taxpayers need to have the proper documentation for them to have the deductions hold up in the face of an audit. Cash contributions are relatively simple to substantiate. The taxpayer just needs … read more

Expanded Tax Benefit to Health Professionals Working in Under-served Areas

The IRS has announced that under the Affordable Care Act, health care professionals who received student loan relief under state programs that reward those who work in under-served communities may qualify for refunds on their 2009 federal income tax returns … read more

Cruise Ship Conventions – The Best of Both Worlds Part II

In Part I of the discussion of Cruise Ship Conventions, we discussed the tax benefits to attendees at a convention held on a cruise liner. But what about the employer? Are there benefits for them too?? Well according to CruiseAlaska … read more

Tax Benefits for Job Seekers

With the recent surprising drop in the U.S. unemployment rate, now may be the time for you to polish up your resume and begin looking for a new job!  But wait, there’s more good news.  You may also be able … read more

Section 529 Plans

Since my nieces have a household of toys and their mother dresses them differently than I would, I generally write checks for Christmas and birthday gifts.  This year, I am going to begin funding 529 plans for the girls.  A … read more

Welcome


There is nothing more complex than the world of taxes. We know this and yet we chose careers where we face these issues everyday. We get questions day in and day out about new tax laws, forms and news items and how they affect everyday people and businesses. Well, here at Henry & Horne, LLP we have set out to do what we do best; help everyday people understand what is going on in the world of state, local, federal, estate and international taxation. We will provide these weekly posts and we encourage you to give us feedback on those posts as well as letting us know what else you would like to know more about. Welcome to "Tax Insights." We hope you find this blog informative and worthy of your time.


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