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.
2021 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.
How to Report 2021 Backdoor Roth In FreeTaxUSA (Updated)
Follow these detailed instructions with clear explanation and many screenshots when you report your Backdoor Roth in FreeTaxUSA online tax software.
How To Report 2021 Mega Backdoor Roth In H&R Block (Updated)
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 2021 Mega Backdoor Roth in TurboTax (Updated)
Follow these easy step-by-step explanation with screenshots when you enter the 1099-R form for your mega backdoor Roth into TurboTax.
How to Do 2021 ESPP Sale In H&R Block: Don’t Pay Tax Twice!
Follow these detailed steps with screenshots for how to adjust the cost basis in H&R Block when you sell ESPP shares. Otherwise you will get double-taxed.
How to Enter 2021 Mega Backdoor Roth in FreeTaxUSA (Updated)
Follow these easy step-by-step explanation with screenshots when you enter the 1099-R form for your mega backdoor Roth into FreeTaxUSA.
Tax Software: Buy the Download, Not the Online Service
Although it sounds like more old school, the software you install on your own computer is actually both less expensive and more powerful.
What If Congress Bans Backdoor Roth in 2022?
Congress is considering banning backdoor Roth and mega backdoor Roth. Do these to catch the last opportunities in 2021 and 2022.