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 ...
Latest Blog Posts
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 ...
Make Fewer Things Matter: My Epiphany From Cutting A Pineapple
I don't do New Year's Resolutions but I decided to make this my ongoing resolution for the foreseeable future: Make Fewer Things Matter. This dawned on me when I learned how to cut a pineapple. I ...
Foreign Tax Credit With Form 1116 In TurboTax and H&R Block Software
When mutual funds and/or ETFs that invest in other countries receive dividends or interest, they have to pay taxes to those countries. After the end of the year, these mutual funds and/or ETFs report ...
Self-Employed ACA Health Insurance Subsidy In H&R Block Tax Software
Many self-employed business owners buy health insurance from the Affordable Care Act (ACA) exchange. Self-employed health insurance premiums are tax-deductible. When your income is low enough, you can ...