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Limits on Travel Expenses
You can deduct expenses related to traveling locally to a rental home for such activities as showing it, collecting rent, or doing maintenance. If you use your own car, you can claim the standard mileage rate, plus tolls and parking. For 2014, it’s 56 cents per mile.
Traveling outside your local area to a rental home is another matter. You can write off the expenses if the purpose of the trip is to collect rent or, in the words of the IRS, “manage, conserve, or maintain” the property. If you mix business with pleasure during the trip, you can only deduct the portion of expenses that directly relates to rental activities.
Repairs vs. Improvements
Another area that requires rental home owners to tread carefully is repairs vs. improvements. The tax code lets you write off repairs—any fixes that keep your property in working condition—immediately as you would other expenses. The costs of improvements that add value to a rental property or extend its life must instead be depreciated over several years. Think of it this way: Simply replacing a broken window pane counts as a repair, but replacing all of the windows in your rental home counts as an improvement. Patching a roof leak is a repair; re-shingling the entire roof is an improvement. You get the picture. (Houselogic)
1. The Affordable Care Act has led to a significant drop in the number of African Americans who are uninsured. Health care reforms associated with the ACA reduced the percentage of uninsured African Americans from 24.1 percent to 16.1 percent between 2013 and 2014.
2.The passage of the ACA has greatly expanded access to quality health care for the African American community. Nearly 6.8 million African Americans have become eligible for health coverage since the implementation of the ACA due to Medicaid expansion and the financial assistance available to qualified individuals.
3.Increased funding for community health centers through the ACA will have a substantial impact on the African American community. The ACA has allocated approximately $11 billion to fund community health centers, enabling them to increase the number of patients they serve. Nearly 25 percent of these patients are African American.
4. ACA provisions provide access to preventive care at no additional cost; this may help curtail African American health disparities. African Americans currently suffer from a litany of health disparities. For example, their infant mortality rate is 2.3 times higher than that of non-Hispanic whites. African American women are more likely to die from breast cancer than the larger U.S. population, even though they are less likely to develop the disease. Access to preventive care can help reduce this disparity, as earlier detection decreases the likelihood of death.
5. African American women are eligible for additional insurance benefits, which can lead to better health outcomes. The ACA requires that close to 5 million African American women enrolled in private health insurance have access to HPV testing, mammograms, and prenatal care, among many other preventive services, at no additional out-of-pocket cost. CLICK HERE TO READ MORE AT CAP
On March 4, 2015, the U.S. Supreme Court will hear King v. Burwell, a lawsuit that seeks to strip premium tax credits from people who live in states with a federal insurance marketplace under the Affordable Care Act, or ACA.
How the U.S. Supreme Court Could Affect Your State - More than 9 million people have already signed up or re-enrolled during the current open enrollment period, and millions more have benefitted from Medicaid expansion in their states. However, through King v. Burwell, conservative opposition to the Affordable Care Act is attempting to undermine the law through a key clause that clearly states that tax credits for insurance will be available across all 50 states for low-income Americans. Repealing this pillar of the law, which helps make health coverage more affordable for consumers, would have severe consequences.
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Women in Louisiana suffer extreme economic hardship due to both our lack of pay equity legislation for the private sector as well as our refusal to establish a living minimum wage. A full-time single working mother of two who makes minimum wage will earn an annual income that is $4,700 below the federal poverty line.
Some quick facts about the economic outlook for women in Louisiana:
• Louisiana women on average are paid $15,600 less than men annually
• 70% of those working for minimum wage in Louisiana are women
• Women in Louisiana are over-represented in lower-paying industries like education, healthcare support services, and administrative support
• The gender pay gap in Louisiana is the second largest in the United States
And the policy solutions needed to establish pay equity for all workers in our state:
• Establish a minimum wage for Louisiana that puts annual wages above the federal poverty line for full-time workers
• Pass pay equity legislation that covers both the public and private sectors
• Listen to Louisiana women about what they need to support their families