Obamacare Penalty or ACA Individual Mandate Repealed and Scrapped from 2019 – But Still Applies in 2017 and 2018

While Congressional Republicans were unable to muster the required majorities to pass several versions of House and Senate health care replacement bills, they were able to include a provision to repeal the individual mandate (i.e. the Obamacare penalty) via successfully passing their GOP tax reform bill to support President Trump’s tax reform …

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Most Americans Will be Getting a Tax Cut and Larger Take Home Paychecks in 2018

The latest GOP tax reform bill will affect most Americans when it comes to their 2018 taxes (filed in 2019). While everyone has their own unique financial and tax situations the answer to how the Trump/GOP tax changes will impact American tax payers are driven by these four main factors: How much …

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2021 Military Pay Charts Reflecting Latest 3% Raise – Monthly Basic Pay Table and 2022 Projected Increase

[Updated following passage of the National Defense act] The 2021 National Defense Authorization Act was passed with a veto proof majority by Congress confirming a 2021 military pay increase of 3.0% in line with latest COLA increase. Updated tables shown below broken up years of service (greater and less than …

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2021 IRS Tax Refund Processing Schedule and Direct Deposit Cycle Chart – When Will I Get My Refund!

[2021 IRS refund schedule] The latest tax season has been more of the same with long processing delays and delayed refund payments for many tax payers. This is due in large part to the processing and payment of two further rounds of stimulus checks (recovery rebate credits) by the IRS …

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