If you buy health insurance from healthcare.gov or a state-run ACA exchange, up through the year 2020, whether you qualify for a premium tax credit is determined by your income relative to the Federal ...
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Covid Retirement Account Withdrawal in TurboTax and H&R Block
When the COVID pandemic hit and unemployment soared in 2020, Congress passed the CARES Act, which gave special tax treatment for eligible withdrawals from retirement accounts. The usual 10% penalty on ...
How To Enter Mega Backdoor Roth In H&R Block Tax Software
After writing a walkthrough for how to enter mega backdoor Roth in TurboTax and how to enter mega backdoor Roth in FreeTaxUSA, a reader asked me to do one for H&R Block software as well. A mega ...
How To Enter Mega Backdoor Roth in FreeTaxUSA: A Walkthrough
I did a walkthrough of how to report backdoor Roth in FreeTaxUSA in a previous post. A reader asked me to do another walkthrough for how to report a mega backdoor Roth in FreeTaxUSA. If you use other ...
When TurboTax and H&R Block Give Self-Employed Wrong ACA Subsidy
When you're self-employed, you can deduct your health insurance premium on your tax return. When you buy health insurance through the ACA exchange, you can also get a premium subsidy when your income ...
Make Backdoor Roth Easy On Your Tax Return
It's tax filing time. I've been fielding a lot of questions on my articles about the backdoor Roth (if you are not familiar with it please read these first): Backdoor Roth: A Complete How-ToHow To ...