When the COVID pandemic hit and unemployment soared in 2020, Congress passed the CARES Act, which gave special tax treatment for eligible withdrawals from retirement accounts. The usual 10% penalty on ...
How To Enter Mega Backdoor Roth In H&R Block Tax Software
After writing a walkthrough for how to enter mega backdoor Roth in TurboTax and how to enter mega backdoor Roth in FreeTaxUSA, a reader asked me to do one for H&R Block software as well. A mega ...
When TurboTax and H&R Block Give Self-Employed Wrong ACA Subsidy
When you're self-employed, you can deduct your health insurance premium on your tax return. When you buy health insurance through the ACA exchange, you can also get a premium subsidy when your income ...
Foreign Tax Credit With Form 1116 In TurboTax and H&R Block Software
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 ...
How To Report Backdoor Roth In H&R Block Tax Software: A Walkthrough
Updated on January 20, 2021 with updated screenshots from H&R Block software for 2020. If you use other tax software, see: How To Report Backdoor Roth In TurboTaxHow to Report Backdoor Roth In ...