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Self-Employed Health Insurance Deduction – Support

The insurance plan must be established under the business and satisfy the following: 1. Self-employed taxpayer filing Schedule C or Schedule F- The policy can be … See more

Actived: 4 days ago

URL: https://support.taxslayerpro.com/hc/en-us/articles/360009305793-Self-Employed-Health-Insurance-Deduction

Marketplace-Granted Coverage Exemptions – Support

WebTo enter a Marketplace-Granted Coverage Exemption, from the Main Menu of the Tax Return (Form 1040) select: Other Taxes Menu. Health Coverage Exemptions / …

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Coverage Exemption

WebTo enter an Unaffordable Coverage Exemption, from the Main Menu of the Tax Return (Form 1040) select: Other Taxes Menu. Health Coverage Exemptions/Responsibility …

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Form 8962 Premium Tax Credit and Shared Policy Allocation

WebThe Premium Tax Credit (PTC) is a refundable tax credit intended to help low to moderate income earners offset the cost of their Marketplace health insurance …

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Desktop: Form 1095-A – Health Insurance Marketplace Statement

WebIf any individual on the tax return (taxpayer, spouse or dependent) was covered by a Health Insurance Marketplace plan, they will receive a Form 1095-A, Health Insurance …

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Credit for Small Employer Health Insurance Premiums

WebEligible small employers can use Form 8941 to figure the credit for small employer health insurance premiums for tax years beginning after 2009. The maximum credit is based on …

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How is the Premium Tax Credit Calculated

WebTaxpayers use Form 8962 to calculate the Premium Tax Credit (PTC). The amount of the PTC is then reconciled with any Advanced Payment of a Premium Tax Credit (APTC). …

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ProWeb: Massachusetts Health Care Penalty and Exemption, …

WebTo enter the Health Care information or exemption, from the main menu of the Massachusetts tax return select: Health Care Information - Schedule HC. Taxpayer - …

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ProWeb: California Form 3853

WebBeginning with tax year 2020, the state of California requires residents and their dependents to obtain qualifying health care coverage, also referred to as Minimum Essential …

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Desktop: How to add a statement regarding marketplace insurance

WebIf a tax return has received reject F8962-070, and neither the taxpayer nor anyone else in their household had health insurance through the Health Insurance …

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Desktop: Form 8889, Health Savings Account (HSA) – Support

WebDesktop: Form 8889, Health Savings Account (HSA) A health savings account (HSA) is an account set up with a qualified HSA trustee that is used to reimburse qualified medical …

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ACA and Employers: Understanding the Terms Affordable and

WebTo avoid the employer shared responsibility provisions of the ACA, an employer needs to provide its employees with both affordable and minimum value …

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Desktop: Form 8965 Coverage Exemption

WebTo enter a short-term coverage exemption in TaxSlayer Pro, from the Main Menu of the tax return (Form 1040) select: Part III – Coverage Exemptions - Select New, then select the …

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Desktop: Nonresident of California Exemption from Healthcare

WebTo complete Form 3853, from the California Nonresident Return menu select: Step 1 - indicating the months the nonresident exemption applies. Part III - Coverage …

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Making QBID entries involving a Partnership (Form 1065)

WebTo pull a Schedule K-1 from the Business Program to an individual’s tax return, from the Main Menu of the partner’s Individual Tax Return (Form 1040) select: Income Menu. …

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Making QBID entries involving an S-Corporation (Form 1120-S)

WebAn S-Corporation is required to report to its Shareholder (s) on the Schedule K-1 (Form 1120-S), Shareholder’s Share of Income, Deductions, Credits, etc., the information …

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ProWeb: Form 8962

WebClick the button for Allocate policy amounts (8962, Part IV). In Allocation 1, enter the following information: Policy Number (1095-A line 2) - Enter the policy number as shown …

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Form W-2 Box 12 Codes – Support

WebThere are several types of compensation and benefits that can be reported in Box 12 of Form W-2. Box 12 will report a single letter or double letter code followed by a dollar …

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