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From the Northeastern Section of the ACS, focusing on career management and development
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03/09/12
Unemployed Professionals. Tax time considerations
Filed under: Networking, Legal matters
Posted by: site admin @ 7:53 am

Most people who have lost positions due to company
bankruptcy in this challenging economic period know
through PBGC that health care insurance costs can be
partially refunded:

“PBGC payees who are 55 or older and enrolled in
a qualified health plan may be able to receive the
Health Coverage Tax Credit (HCTC) to help cover
a portion of the cost of their family’s monthly health
care premiums.”  Source

Did you also know that “Fresh Start Penalty Relief”
provides a 6 month extension for 2011 taxes.  My
colleague, S. Condra, forwarded the IRS note link
that will be of interest to readers.  (Thanks, Shirley!)

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