![]() ![]() However, you usually have to pay the full price for that insurance, which can be very costly. Typically, if you lose your job, you can buy insurance coverage through your former employer under the government Consolidated Omnibus Budget Reconciliation Act program. ![]() $20,576 maximum per family: Free COBRA insurance premium coverage runs through September Here are seven of the tax credits and health savings you can claim this year that could potentially bring your family a maximum of around $50,000, depending on your personal situation. But for many people, these changes could end up saving you hundreds or even thousands of dollars. ![]() Whether you are eligible for these new benefits depends on several different things, including your adjusted gross income, if you have children or if you have COBRA health insurance - which means not everyone will be able to claim every item listed here. These cash-back and money-saving benefits, which the IRS is still sending out now, arrive along with the third stimulus check for up to $1,400 per person and their dependents (you can track your stimulus check here). This year, you could be one of the millions of people who will see extra savings due to new tax breaks, tax credits and expanded health benefits that lawmakers approved in the $1.9 trillion stimulus bill and other means as a way to help people get through the pandemic. ![]()
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