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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 a state agency. If your state has a marketplace, it would be more beneficial to enroll using it as opposed to healthcare.gov. For a full list of states with a marketplace, please

Actived: 5 days ago

URL: https://support.taxslayer.com/hc/en-us/articles/360015711992-What-is-Healthcare-gov-and-State-Marketplace

How do I report my Health Savings Account (HSA) Form 8889

WEBIf you have made any contributions to an HSA account, you should receive Form 5498-SA listing your contribution information (Box 6 should be checked indicating an HSA …

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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 health insurance coverage through the Marketplace, you may be eligible for the Premium Tax Credit. The estimated credit is based on a sliding scale using income and family

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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 …

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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 credit is required OR give an additional Premium Tax Credit if you were eligible for more of a credit. In an effort to better serve you, and report all required

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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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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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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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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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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'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 …

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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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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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What's new in 2023 for Iowa

WEBStarting with the 2023 tax year, the additional Iowa health insurance premiums deduction will be limited to taxpayers age 65 or older with Iowa taxable income of $100,000 or less. …

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What Early Distributions qualify as exempt from the 10% tax penalty

WEBIf you receive a distribution from your IRA before you reach age 59 1/2 and the program is calculating the 10% penalty, you may qualify for an exception if: Unemployed Individuals …

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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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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 …

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The code for my W-2 (Box 14) is not listed. What do I enter

WEBSelect "Other (Not Listed Here)" for the Code for your Box 14 entry. If the item is not specifically included in the drop-down listings for Box 14, the IRS has not provided a …

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What type of income can I subtract/deduct on my New Mexico …

WEBMilitary Active Duty Pay. Enter the pay, wages or salaries paid to you or your spouse for active duty military service in the armed forces of the United States, if it was included in …

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What are the Wisconsin Subtractions from Income

WEBPer the Wisconsin Form 1 filing instructions: Enter the amount of any of the subtractions described below that apply to you.. NOTE: Effective tax year 2020 the Subtractions from …

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