Thursday, January 20, 2011

IRS Valentine's Day Gift

The IRS will begin processing delayed tax returns on February 14th, 2011. Happy Valentine's Day!

Wednesday, January 12, 2011

No Payroll Tax Break for Some Federal, State and Municipal Workers!

Approximately 6 million Federal, state and municipal workers who do not contribute to Social Security,will not get a payroll tax cut this year. There is no plan in Congress to remedy this inequitable treatment of those affected. The Work to Pay Credit ended in 2010, so these workers will actually net LESS in each paycheck this year. On top of that, Federal workers are under a 2-year pay freeze!

Tuesday, January 4, 2011

Buying Massachusetts health insurance?

Need to buy health insurance in Massachusetts? Now's the time!

Are you planning to purchase a health insurance plan without an employer or government subsidy? 

Massachusetts state law sets 2 open enrollment periods for 2011:
  • January 1 through February 15, and
  • July 1 through August 15
Unless you meet special conditions, you must apply for a health plan by February 15, 2011. If you don't, you will have to wait until July 1, 2011. In future years, the open enrollment period will take place from July 1st - August 15th only.

For more information, contact the Massachusetts Division of Insurance, the Health Connector or any Massachusetts health insurance carrier.

Bankruptcy Filing Increases 9 % in 2010

American Bankruptcy Institute | Consumer Bankruptcy Filings Increase 9 Percent in 2010