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What kinds of medical and dental expenses can or …

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 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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How Does Health Insurance Affect Your Taxes

WEBThe source of your insurance also affects your tax return. For example, if your healthcare plan is provided by your employer, the portion of the plan you cover is deducted from …

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Self-Employed Health Insurance Deduction: How It Works

WEBTaxSlayer Editorial Team August 28, 2023. If you’re self-employed, you may be wondering if you can deduct health insurance premiums from your tax return. Well, there’s good …

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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 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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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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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 …

Category:  Medical Go Health

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 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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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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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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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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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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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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What are the Virginia Deductions to Income

WEBYou may deduct payments received in the preceding year to the extent they were included in federal income. You may deduct 20% of the sales tax paid on the purchase of energy …

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Form 8962 Part V Alternative Calculation for Year of Marriage

WEBHealth Insurance. Complete the Health Insurance questions up to the Advanced Premium Tax Credit (1095-A) screen. Check the box indicating you wish to use the alternative …

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What do the Expense entries on the Schedule C mean

WEBExpenses. The IRS allows you to deduct the cost of business-related expenses that are considered both ordinary and necessary in your trade or business. Advertising - …

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Where do I enter my Public Safety Officer Exclusion

WEBTo enter the exclusion in your account, go to: Federal. Income. 1099-R, RRB, SSA. Add or Edit a 1099-R. Enter the information for your distribution. For Box 2a, select 'Click here …

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