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 ...
Import W-2 and 1099 Forms Into TurboTax and HR Block: From Where?
After reading my previous post Fake TurboTax Discount Through Vanguard and Fidelity, reader Mike sent me an email: I have accounts with both Vanguard and Fidelity, having several mutual funds, ...
TurboTax 2020 CARES Act $300 Charity Donation Deduction
From the previous posts, we know that in 2020, even if you take the standard deduction you can still deduct up to $300 in cash donations to charities (up to $150 for married filing separately). See ...
2020 2021 2022 HSA Contribution Limits: Individual and Family Coverage
Even though we just got into 2021, it's time to peek into HSA for 2022. The contribution limits for various tax advantaged accounts for the following year are usually announced in October, except for ...
Self-Employed ACA Health Insurance Subsidy and Deduction In TurboTax
Many self-employed business owners buy health insurance through the ACA marketplace (healthcare.gov or a state-specific exchange). If your income qualifies for a subsidy, the exchange will pay part of ...