Use this calculator to see the marginal tax rate on Roth conversions and long-term capital gains when you also receive a subsidy on ACA health insurance.
Don’t Choose 2021 Advance Child Tax Credit Opt-Out
Don’t jump through hoops to opt out of the 2021 Advance Child Tax Credit. You may miss out on tax benefits if you do. Do nothing and accept the money.
2021 2022 Medicare Part B Part D IRMAA Premium Brackets
You pay higher Medicare Part B and Part D premiums if your income exceeds certain thresholds. Here are the IRMAA income brackets for 2021 and 2022.
2020 2021 2022 HSA Contribution Limits: Individual and Family Coverage
2020, 2021, and 2022 calendar year HSA contribution limits and HDHP qualifications for individual and family coverage. Small changes due to mild inflation.
ACA Premium Subsidy Cliff Turns Into a Slope In 2021 and 2022
President Biden’s COVID stimulus package American Rescue Plan turns the ACA premium subsidy cliff to a slope in 2021 & 2022. The cliff will return in 2023.
2020 2021 2022 ACA Health Insurance Premium Tax Credit Percentages
If you get health insurance from ACA, the government sets the percentages of income you are expected to contribute toward a benchmark policy.
Plan Characteristics in Form 5500-EZ For Your Solo 401k
Filing the Form 5500-EZ for your solo 401k plan is super easy but you have to remember to file it. I use these the plan characteristics codes.
Covid Retirement Account Withdrawal in TurboTax and H&R Block
If you withdrew from your retirement account due to COVID in 2020, follow this to get the special tax treatment in TurboTax and H&R Block tax software.
ACA Health Insurance Enrollment: Request Subsidy Upfront Or Not
Although you will be required to submit more documentation, you should estimate your income as low as possible and get the highest premium subsidy upfront.
How To Enter Mega Backdoor Roth In H&R Block Tax Software
Follow these easy step-by-step explanation with screenshots when you enter the 1099-R form for your mega backdoor Roth into H&R Block tax software.
How To Enter Mega Backdoor Roth in FreeTaxUSA: A Walkthrough
Follow these easy step-by-step explanation with screenshots when you enter the 1099-R form for your mega backdoor Roth into FreeTaxUSA.
When TurboTax and H&R Block Give Self-Employed Wrong ACA Subsidy
If you’re self-employed on ACA health insurance, TurboTax and H&R Block software may give wrong numbers for the subsidy. Use this calculator instead.