I am filling out the form 7206 Line 1 . Enter the total amount paid in 2024 for health insurance coverage established under your business.. What is the number I should put in to this Line, if I have a 1095A: $3,533 Total Premium amount I’ve paid in 2024 out-of-pocket directly to my insurer Or $20,191 Annual Totals…
For how long is the repayment of this 2008 credit collectible? I know someone who has not yet started paying it back. He is a 100% total and permanent disabled vet who doesn’t pay taxes.
Getting confused as this is proving hard to determine, because I have 2 hsa accounts and both are invested so can have varying values at any point in time. Just to be clear, this is asking for total value across all accounts as of dec31. Is this an optional field? If required, why is this question relevant? "Enter the…
I am married, filing jointly. I have a job in which I receive a W2, but I am technically self-employed as an independent contractor. I am a personal services contractor with the US federal government, for context. I have a solo 401k for which I have contributed the maximum amount. However, when I try to enter my solo 401k…
Hi everyone. I can't file my 1095-A / IRS Form 8962, even if I follow the exact menu path: Deductions/Credits > Health Insurance > Marketplace Health Insurance (1095-A). Does anyone know where or how I can file it on my taxes? Thanks.
What deductions can you claim in your taxes? and it is necessary to add them in your tax return?
Hello: It would be great to get FreeTaxUSA to support the following income adjustments on Schedule 1: Line 24z (This is helpful to do things such as nominee adjustment). Line 24b (Deductible expenses related to income reported on line 8l from the rental of personal property engaged in for profit) Thanks so much!
Hello, I would appreciate some advice on my situation. Filing Status: Married filing jointly Husband earned ~80K, full-time resident of NYC, spent 19 days in CA throughout 2024 visiting family. Spouse earned ~97K (Company is based in CA), lived 70 days in CA until 3/2024 then moved to NYC for the remainder of the year.…
My mortgage was sold to another and when I enter both 1098 my return decreases dramatically. The amounts from each are slightly different as well. I shouldn’t be penalized, I didn’t ask for our mortgage loan to be sold! Thanks for any help!
This is my first year using Free Tax USA and I had a question about how to enter my charitable donations. In the past I've used TurboTax and been able to enter multiple items into one donation. Is there a way to do that with Free Tax USA or do I have to enter each item individually? Also I definitely don't have any of the…
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