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 ...
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 ...
TurboTax 2020 CARES Act $300 Charity Donation Deduction
From the previous posts, we know that in 2020, even if you take the standard deduction you can still deduct up to $300 in cash donations to charities (up to $150 for married filing separately). See ...
Self-Employed ACA Health Insurance Subsidy and Deduction In TurboTax
Many self-employed business owners buy health insurance through the ACA marketplace (healthcare.gov or a state-specific exchange). If your income qualifies for a subsidy, the exchange will pay part of ...
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 ...
CARES Act Charity Donation Deduction: Ongoing or Only 2020?
While trying to solve one mystery in CARES Act Charity Donation Deduction: $300 or $600 for Married? I accidentally introduced another mystery. Is the deduction ongoing until the law changes again or ...