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What kinds of medical and dental expenses can or cannot be

WEBIf you itemize your deductions on Form 1040 or 1040-SR, Schedule A, you may be able to deduct expenses you paid for medical care – including dental – for yourself, your …

Actived: 8 days ago

URL: https://support.taxslayer.com/hc/en-us/articles/360017651332-What-kinds-of-medical-and-dental-expenses-can-or-cannot-be-deducted

What is Healthcare.gov and State Marketplace

WEBHealthCare.gov is the government website used to enroll in the Affordable Care Act insurance program. State Marketplaces are health insurance exchanges offered through …

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What is a Premium Tax Credit (ACA/Obamacare)

WEBThe Premium Tax Credit is a refundable credit designed to assist eligible individuals and families afford health insurance purchased through the Marketplace. If you get your …

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What do I do with Form 1095-B, Health Coverage

WEBForm 1095-B is used to report certain information to the IRS and to taxpayers about individuals who are covered by minimum essential coverage and therefore aren't liable …

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Difference in HSA vs MSA – Support

WEBWhat is the difference between an MSA and HSA? Medical Savings Accounts are only available to people enrolled in high-deductible Medicare plans, whereas Health Savings Accounts are restricted to people enrolled in high-deductible private insurance plans. Tax Year 2023. Who can make a contribution? Tax Year 2022.

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Why are you asking if I have insurance under the Affordable

WEBThe Advanced Premium Tax Credit is a credit that is given to lower your monthly health insurance premium. The IRS requires this information to determine if a repayment of the …

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How do I complete the Health Savings Account section in the …

WEBProgram Entry. Federal; Deductions - Select my forms; Adjustments; Health Savings Account Form 8889; Form 5498-SA reports contributions made to your IRA, Health …

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Who is considered a Member of my Household

WEBHousehold members typically includes the taxpayer, spouse (if applicable) and the taxpayer's dependents when referring to a household for the Health Insurance …

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Affordable Care Act – Support

WEBSimply Free. Form 1040 & limited credits only. Free federal return for those who qualify.

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What's the difference between a Family Plan and a Self Only

WEBFor tax year 2021, you were allowed to contribute the following amounts to an HSA: $3,600 for individual health plans. $7,200 for family health plans. For tax year 2020, you were allowed to contribute the following amounts to an HSA: $3,550 for individual health plans. $7,100 for family health plans. If enrolled in an HSA-eligible HDHP, and you

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I am a Part-Year resident on California. Why am I getting a

WEBWhy am I getting a healthcare penalty? Part-year residents filing Form 540NR will need to indicate their health coverage status for the time period they were residents of …

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What items are considered Medical and Dental Insurance

WEBIf you purchased insurance for medical and dental care and had the premiums deducted from your pay, you cannot claim the amount as a deduction on your return. If you …

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Who must complete a Massachusetts Schedule HC

WEBSchedule HC must also be completed if you turned 18 during the year. Beginning the first day of the third month following your birthday month, you are required to obtain and …

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Where do I enter my 1099-SA

WEBTo enter this within the program, please go to: Federal. Deductions - Select My Forms. Adjustments to Income. Health Savings Account Form 8889 or Medical Savings …

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Form 8962 Part IV Allocation of Policy Amounts – Support

WEBComplete the Health Insurance questions up to the Advanced Premium Tax Credit (1095-A) screen. Check the box indicating your need to allocate the policy amounts at the top of …

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How do I report my 1099-SA

WEBThe total earnings distributed with any excess HSA or Archer MSA contributions returned by the due date of the account holder's tax return. Included in Box 1 amount. If the amount …

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Do I qualify for the Self-Employed Health Insurance Deduction

WEBIf you were self-employed, you may be able to deduct any amounts that you paid to provide health insurance for yourself, your spouse, and/or your dependents. To qualify for the …

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What type of Credits are available on my Wisconsin Return

WEBCarryforward of Unused credits (Sch CF) Manufacturing Credit and Agricultural Credit (MA-M): Amount of credit taken on 2022 return (line 16) must be added to income on your 2023 Wisconsin return. Business Development Credit (Sch BD): Based on wages paid to an eligible employee, training costs, and personal and real property investment

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I am a Non Resident of California. Why am I getting the

WEBWhy am I getting the healthcare penalty? Full-year nonresidents filing Form 540NR, while not subject to the California MEC Individual Mandate, nonetheless are subject to the same reporting requirement as residents. Thus, a nonresident will need to complete Form 3853 and indicate the nonresident exemption to the penalty for the year.

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What do the codes mean in Box 12 of my W-2

WEBAccording to the W-2 instructions from the IRS, the following list explains the codes shown in box 12 on the W-2: Elective deferrals to a section 401 (k) cash or deferred …

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