Last November, the Bipartisan Budget Act of 2015 was passed and it’s changed the way everyone thinks about Social Security. Previously, married couples used strategies like “file and suspend” and “restricted application” to maximize their Social Security income. However, that’s no longer possible — unless you act soon. To continue taking advantage of these Social Security income boosting...
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The new rules of Social Security Income
Heads up! A new tax form is coming your way
In the next few weeks, you’ll receive a new tax form that’s required by the IRS under the health care law (aka, Affordable Care Act, ACA, Obamacare). It’s called the 1095-C.
Like your W-2, you can consent to receive this form electronically. If that’s the case, you’ll receive notifications when it’s posted just like you did this week with your W-2.
What you need to know...