Tax

Net tax refers to the amount remaining after all applicable taxes have been deducted from gross income or revenue. It represents the actual value of income, profits, or returns after accounting for tax obligations. In business contexts, net tax is crucial for understanding a company’s true financial position and available funds for reinvestment or distribution. For individuals, net tax is synonymous with take-home pay, representing the amount received after income tax and other deductions. The concept applies to various financial transactions, helping both businesses and individuals make more informed financial decisions

A 1095-C is a tax form used by employers to report health insurance coverage offered to employees under the Affordable Care Act. It provides details about the type of coverage, the months it was available, and whether the employee was eligible. This form helps employees determine if they met health insurance requirements and whether they qualify for subsidies or tax credits. Large employers must issue a 1095-C to full-time employees, and individuals may need it when filing their taxes to confirm their healthcare coverage status.