Each year, businesses and individuals look to find the best tax credits and deductions to limit their tax burdens. This year, there is an expanded premium tax credit for 2022.
Jeff Badu is a professional business tax consultant working in Chicago, Illinois. He stays on the pulse of the new laws and changes on the tax laws on the federal and state level. He has particular interest in the premium tax credit.
The benefits include an increased amount of assistance through 2025 for certain taxpayers at a particular level above the poverty line. The employer-sponsored coverage affordability test in the tax credit is also modified through 2025.
There is also a portion for Social Security benefit payments when dealing with the credit.
Low income employees who have health coverage can also claim the credit. The health coverage credit, set to expire in 2022, is extended permanently.
“A good bit of this information does not make sense to those who are not familiar with business, taxes or accounting. This is what I do, and if necessary, I can explain the details of this to any client on request. I always am available to talk over tax responsibilities and potential refunds,” said Badu of his accounting services in Chicago, IL.
New and potential clients should note that Badu offers paperless services. His secure server on his website allows for uploading tax documents. This saves time, money and paper. It also gives Jeff and his accounting company in Chicago, Illinois time to review those documents, make recommendations and prepare for necessary tax payments or refunds.
Learn more at his website. Go to www.badutaxservices.com for information.
Company Name: Badu Tax Services LLC
Contact Person: Jeff Badu
Email: Send Email
Address:4258 N Greenview Ave Ste 1E
State: Illinois 60613
Country: United States