If you buy health insurance from healthcare.gov or a state-run ACA exchange, whether you qualify for a premium tax credit is determined by your income relative to the Federal Poverty Level (FPL). You ...
California and New Jersey HSA Tax Return Special Considerations
After Alabama made its state law conform to the federal law, California and New Jersey are the only two remaining states that don't recognize Health Savings Accounts. After reading my updated Best HSA ...
2019 Tax Calculator With ACA/Obamacare Health Insurance Subsidy
Since the passing of the new tax law, major tax software vendors such as TurboTax, H&R Block, and TaxACT updated their online tax calculators to include a comparison between 2017 and 2018. ...
Calculator: Sell Your Home For Tax Free Capital Gains
Reader Mark asked in Reset Cost Basis Higher By Realizing Capital Gains: I live in NYC where home prices seemingly always on the rise. When I reach the 250k threshold of tax free capital gains, ...
Adjust Cost Basis for ESPP Sale In H&R Block Software
The new IRS regulation for ESPP shares acquired in 2014 or thereafter requires adjusting the basis. Otherwise you will be double-taxed on the discount. Reader Roger asked me how to do it in H&R ...
Adjust Cost Basis for ESPP Sale In TurboTax
Several readers asked me how to do taxes on ESPP sales in my article about doing taxes on sales from vested RSUs: Restricted Stock Units (RSU) and TurboTax: Net Issuance. It's similar but not exactly ...