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What were the penalties for not having health insurance in 2015?
In 2015, the penalty for not having health insurance was either a flat fee or a percentage of your income, whichever was higher.
What was the fee for not having health insurance in 2015?
The fee for not having health insurance in 2015 was either 2 of your yearly household income or 325 per adult and 162.50 per child, whichever amount was higher.
What were the requirements for obtaining a self employed home loan in 2015?
In 2015, the requirements for obtaining a self-employed home loan typically included having a good credit score, providing proof of income through tax returns or financial statements, and having a stable income history. Lenders also looked at the borrower's debt-to-income ratio and may have required a larger down payment compared to traditional loans.
What are the tax implications for a business in 2015 when it comes to vehicle write-offs?
In 2015, businesses could deduct vehicle expenses using either the standard mileage rate or actual expenses method. The standard mileage rate was 57.5 cents per mile for business use. Actual expenses included gas, maintenance, insurance, and depreciation. The business had to keep detailed records to support the deduction.
What was the IRS gift limit for 2015?
The IRS gift limit for 2015 was 14,000 per person.
