Pioneers in 5 Star Service • Ronstadt Insurance • Tucson, AZ • 520-721-4848

Archive for Author 'Ronstadt Insurance'

November 1, 2016

Is Social Security considered income when enrolling in a plan through the Healthcare.gov?

HealthCare.gov

Yes. Social Security income is included in the calculation to determine your subsidy eligibility.

To get your Modified Adjust Gross Income (MAGI, which is often referred to as “household income”), you start with your Adjusted Gross Income (AGI) from your tax return. Then there are three things that must be added to your AGI if any of them apply to you:

1) Non-taxable Social Security income.
2) Foreign-earned income (and housing expenses if you live abroad).
3) Tax-exempt interest income. (more…)

October 18, 2016

Is Your Business at Risk for Fair Labor Standards Act Fines?

US Department of Labor

The new overtime rule, which every employer must comply with by Dec 1, 2016 more then double the current white collar exemption salary threshold to $47,476 per year or $913 a week.  These new requirements will have a large impact on employers, since it will require them to review employees’ exempt status and update overtime polices in order to comply with the FLSA overtime rules.

(more…)

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