If you receive health insurance subsidies through Obamacare, you will receive Form 1095-A, used to reconcile the subsidies to your actual taxable income. You may pay more or less tax as a result. This is NOT affected by Congress’ elimination of the individual mandate, which takes effect in 2019
If you file a Rhode Island return and contributed to the State’s 529 College Savings Plan, you are eligible for a deduction from income of up to $500 or $1000 (depending on your filing status) when you file the RI return
Many businesses are not aware of the Research and Development tax credit, available both federally and in many states (including Rhode Island and Mass). Not your garden variety credit. E-mail me early to explore.
Cesspool overflowing? If you live in Mass, you may qualify for up to $15,000 in state credits ($1,500/ year) for repair of failed systems.
If you paid for your child(ren) age 13 or under to attend day camp or after school activities, you may qualify for the Child and Dependent Care Credit.