A federal jury trial awarded $21.5 million in damages to a Springfield, Illinois man who was injured by an automatic sliding-glass door on a Holland America Line cruise ship dating back to 2011. The personal injury damages awarded by the jury were $5M, which are tax free. The punitive damages were $16.5M which means a […]
Archives for November 2015
Tax Benefits from Health Savings Accounts
While most people are familiar with tax benefits for other types of investments, often times, they are less familiar when it comes to the tax benefits of health savings accounts. There are three such benefits that you should know about and take advantage of. Perhaps the largest tax benefit is that the money that goes […]
Tax Credits for Electric Car Owners in Atlanta
Besides being healthier for the environment, purchasing an electric car can be healthy for your tax return. However, there are a few requirements that go hand-in-hand with the purchase of an electric car that one needs to understand to reap the full benefit from the tax credit. Put simply, the current tax credit for purchasing […]