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.
Self-Employed ACA Health Insurance Subsidy In H&R Block Tax 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.
TurboTax 2020 CARES Act $300 Charity Donation Deduction
You need some patience to find the right place in TurboTax for the $300 charity donation deduction under the CARES Act when you take the standard deduction.
Self-Employed ACA Health Insurance Subsidy and 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.
2021 $300 Charity Deduction For Non-Itemizers $600 Married
Congress passed a new stimulus bill before the Christmas weekend. Although President Trump wanted to raise the second stimulus check from $600 per person to $2,000 per person, he still signed the bill into law. Unlike the previous stimulus law — the CARES Act — this new law doesn’t have a catchy name. The law […]
CARES Act Charity Donation Deduction: Ongoing or Only 2020?
CARES Act created a new above-the-line tax deduction for those who take the standard deduction. Is it ongoing or is it only for 2020?
CARES Act 2020 Charity Donation Deduction: $300 or $600 for Married?
The IRS Form 1040 instructions clarified the new CARES Act charitable contributions deduction for married filing jointly.
California and New Jersey HSA Tax Return Special Considerations
When you are a resident of California or New Jersey, having an HSA and especially investing in the HSA require extra tax reporting. Here’s how to do it.
Paying Taxes: By The Book Or Catch Me
Do you taxes by the book. It’s the law and it’s the right thing to do. Say no to aggressive tax tactics even though you may get away.
IRS Advisory On Prepaying Property Tax In 2017
Prepaying property tax is deductible in 2017 only if the tax is already assessed.
Make Mortgage Payment Due On January 1 In December
Making mortgage payment due on Jan. 1 in December will lower your taxes if you will switch from itemizing to the standard deduction.
High Income In Blue States Under New Tax Law
Losing the state income tax and property tax deductions isn’t a big deal even for someone with a high income in a Blue State.