tax credits

‘Staggering’ Amounts of Federal Funds Improperly Distributed

Posted on 07/10/2014 by |General News | Comments

Bulletin TodayBy Stephen Ohlemacher, Associated Press WASHINGTON (AP) — Tax credits for families that don’t qualify. Medicare payments for treatments that might not be necessary. Unemployment benefits for people who are secretly working. Federal agencies reported making $100 billion in payments last year to people who may not have been entitled to receive them. Congressional investigators say the figure could be even higher. “The amounts here are absolutely staggering,” said Rep. John Mica, R-Fla. “It’s over $100 billion each of the last …

Will You Get an Insurance Subsidy? How Much?

Posted on 08/15/2013 by |Health | Comments

Bulletin Today | Personal HealthBy Julie Appleby, Senior Correspondent, Kaiser Health News If you buy your own health insurance, you’ve no doubt heard that subsidies will be available next year to help pay the premiums. But will you get a subsidy and how much? A report from researchers at the Kaiser Family Foundation provides some insight. Based on their analysis, about 48 percent of adults currently purchasing coverage for themselves will be eligible for subsidies next year – and those subsidies will average $5,548 …

Some Tax Tips to Heed Ahead of the Deadline

Posted on 02/28/2013 by |Money and Work | Comments

Bulletin Today | Money & SavingsThe deadline to file your tax return is approaching, so it’s important you know how to get every refund, credit and deduction you can. Here are some to consider: Long-term care insurance premiums. The older you are, the higher the portion you can claim. Here’s the scale: Age 41 to 50, $660; 51 to 60, $1,310; 61 to 70, $3,500; 71 or over, $4,370. Medical necessities. Did you know you can deduct expenses for things like hearing aids and batteries, …