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.
2021 Self-Employed ACA Health Insurance In H&R Block Software
If you’re self-employed and you buy health insurance from the ACA exchange, here’s how to use H&R Block software to calculate the subsidy and tax deduction.
2021 Foreign Tax Credit Form 1116 in TurboTax and H&R Block
You need a Form 1116 when your total foreign taxes paid is over $300/$600. Here’s a walkthrough for how to do it in TurboTax and H&R Block software.
Backdoor Roth: Planned vs Unplanned
If you did an unplanned backdoor Roth, clean up and make it planned from now on.
2021 Self-Employed ACA Health Insurance Deduction In TurboTax
If you’re self-employed and you buy health insurance from the ACA exchange, here’s how to use TurboTax to calculate the subsidy and tax deduction.
How to Report 2021 Backdoor Roth in H&R Block Tax Software
Follow these step-by-step instructions with screenshots and clear explanation to report your Backdoor Roth for tax year 2021 in H&R Block tax software.
How To Report 2021 Backdoor Roth In TurboTax (Updated)
Follow these detailed step-by-step instructions with clear explanation and many screenshots when you report your Backdoor Roth in TurboTax.
TurboTax 2021 CARES Act 2.0 $600 Charity Donation Deduction
You need some patience to find the right place in TurboTax for the $300/$600 charity donation deduction for 2021 when you take the standard deduction.
How To Report 2021 ESPP Sale In TurboTax: Don’t Pay Tax Twice!
Follow these detailed steps with screenshots for how to adjust the cost basis in TurboTax when you sell ESPP shares. Otherwise you will get double-taxed.
The Forgotten Deductible Traditional IRA
This article was inspired by a post made by Kevin M on the Bogleheads forum. You may have heard of this rule of thumb about retirement savings priorities: Contribute to 401k (or 403b) to get the full employer match Maximize Roth IRA Maximize 401k (or 403b) Invest in taxable account Kevin asked why a Roth […]
The Case Against Roth 401(k): Still True After All These Years
Most people are better off contributing to a traditional 401k, not a Roth 401k. Here’s why.
2022 2023 Federal Poverty Levels (FPL) For ACA Health Insurance
The Federal Poverty Levels (FPL) is used to determine the premium subsidy tax credit under the Affordable Care Act. You must know where the cutoffs are.