Richard Streitfeld – Buddhist Mensch

Zen and Now
A Few Best Practices for 2016

The beginning of the year is a good time to check your withholding allowances. Are you perpetually behind, or need more money in your paycheck? Remember that you can claim any filing status and number of exemptions on the W-4 for your regular withholding during the year. Read my article. Don’t rely on 1099’s to tabulate your income,
+ Read More

Richard Streitfeld – Buddhist Mensch

Unintended Consequences
Medicaid and the Affordable Care Act

While Obamacare has expanded healthcare coverage dramatically, it has also created some new difficulties. Consider:  “June Cleaver” is a single parent of two boys- Wally and Theodore (“Beaver”).  She just became a real estate broker and made $25,000 in 2015. JUNE’S HEALTHCARE OPTIONS FOR 2016 Medicaid.  The family’s projected income  for 2016 (based on 2015)
+ Read More

Richard Streitfeld – Buddhist Mensch

Don’t Get Spooked

These items could give you nightmares if you are not careful: Miscalculating your Obamacare Subsidy Did you get hit with a penalty on your tax return, related to your health insurance? Explanation: Obamacare subsidizes your health insurance if your income is below a certain threshold. It upfronts the subisdy during the year, based on the
+ Read More

Richard Streitfeld – Buddhist Mensch

Withholding 101

I have a prosperous and intelligent — let’s say attorney — as a client. “Shirley” was experiencing some cash flow issues last summer so I took a look at her year to date income and withholdings and projected what her tax return would look like come April. The news was good —she had already met
+ Read More

1 2 3 4 5 6 7 8