Hi friends. This is my first time filing my taxes because I am a university student that's running low on cash. I was really happy because I thought it was rather easy because I was a W-2 employee for my part-time job and my internship. My sister is also in the same situation (university student, part-time job w-2…
Are premiums paid for hospital indemnity & critical illness insurance plans tax deductible? If so, where to report the payments on the tax return?
Everything I've seen online has suggested you're supposed to be asked "Did you have Marketplace insurance?" at some point in the process, but I've had no such luck. A Google search suggests going to Deductions/Credits → Health Insurance but there is literally not even a Health Insurance tab in my Deductions/Credits…
I have Health insurance through the Virginia Health Marketplace and when I input the numbers from my 1095-A the amount for both my federal and state return decreased significantly. Why am I being penalized in both federal and state?
My health insurance is not great and I was thinking of dropping it, will I be penalized by the IRS for not having insurance ?
My wife turned 65 in January 2023. I am younger than her. In December 2022, we called SSA to get her signed up for Medicare. She would not have qualified if she were single because she had not worked enough in her life. On the phone, the SSA employee told us she would not be eligible for Medicare until I was receiving it…
After trying to e-file my 1040 online, I got a notice from FTU saying "The IRS is rejecting your return because they expected your return to have Premium Tax Credit information on Form 8962." I realized I hand't entered my 1095-A info, which I have now completed. I'm self-employed, with Schedule C. But now when I go to…
In the section: Income > Business Income (Schedule C) > Edit > Health Insurance There is line that says: - Enter the total payments you made during 2023 for self-employed health insurance premiums for ***, ***, and your dependents: My question is, is that total supposed to include what was paid via APTC (Advanced Premium…
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