Chicago Business Tax Consultant Comments on 2022 Expanded Premium Tax Credit
Each year, companies and individuals seek to find the best tax credits and deductions to limit their tax burden. This year there is an expanded premium tax credit for 2022.
Jeff Badu is a professional tax consultant working in Chicago, Illinois. He keeps abreast of new laws and changes in federal and state tax laws. He is particularly interested in the premium tax credit.
The benefits include an increase in the amount of assistance until 2025 for certain taxpayers at a particular level above the poverty line. The affordability test for employer-sponsored coverage under the tax credit is also changed through 2025.
There is also a part for Social Security benefit payments when it comes to credit.
Low-income employees who have health coverage can also apply for the credit. The health coverage credit, which was to expire in 2022, has been extended permanently.
“Much of this information is meaningless to those unfamiliar with business, taxes or accounting. This is what I do, and if needed I can explain the details of this to any client upon request. I am always available to talk about tax liabilities and potential refunds,” Badu said of his accounting services in Chicago, IL.
New and potential customers should note that Badu offers paperless services. Its secure server on its website allows tax documents to be uploaded. This saves time, money and paper. It also gives Jeff and his accounting firm in Chicago, Illinois time to review these documents, make recommendations, and prepare for any necessary tax payments or refunds.
Learn more on its website. Go to www.badutaxservices.com for information.
Company Name: Badu Tax Services LLC
Contact person: Jeff Badu
E-mail: Send an email
Address:4258 N Greenview Ave Ste 1E
State: Illinois 60613
Country: United States