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.
2022 Self-Employed ACA Health Insurance Subsidy In H&R Block
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.
2023 2024 Federal Poverty Levels (FPL) for ACA Health Insurance
Compare your income with the Federal Poverty Level (FPL) to calculate the premium subsidy tax credit for health insuance under the Affordable Care Act.
ACA Premium Subsidy Cliff Turns Into a Slope Through 2025
The Inflation Reduction Act extended the ACA premium subsidy cliff to a slope through 2025. The cliff will return in 2026 unless a new law is enacted.
2022 2023 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.
When TurboTax and H&R Block Give the 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.
Roth Conversion and Capital Gains On ACA Health Insurance
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.
Cap On Paying Back ACA Health Insurance Subsidy Tax Credit
If your income is higher than estimated, you need to pay back some of the ACA health insurance subsidy. The repayment cap may help in some cases.
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.
California ACA Health Insurance Premium Subsidy
California offers premium assistance for ACA health insurance to some residents who don’t qualify for the federal subsidy.
ACA Health Insurance: Price To Cover Two People Versus Just One
Surprisingly it can cost more to cover just one person on ACA health insurance than covering two people.
When ACA Tax Credit Makes Your Premium Nearly Double Or Go To Zero
When you receive ACA premium tax credit, the gap in the premium between the benchmark Silver plan and the plan you choose can make a big difference.