[Update on May 10, 2021: The IRS released the official HSA and HDHP limits for 2022. My earlier projections matched the official numbers.] The contribution limits for various tax-advantaged ...
ACA Premium Subsidy Cliff Turns Into a Slope In 2021 and 2022
[Completely rewritten with changes from the American Rescue Plan Act of 2021.] I have been buying health insurance on an exchange under the Affordable Care Act (ACA) since 2018. Before the ...
2020 2021 2022 ACA Health Insurance Premium Tax Credit Percentages
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 ...
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 ...