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I am trying to determine whether we qualify for the Saver's Credit (form 8880). My question relates to the section where you subtract any distributions from a retirement plan over the last few years. We have never made any withdrawals from our IRAs or 401Ks. However, DH is drawing a pension...

My daughter (23) has a regular full time W-2 job. She is also a certified lifeguard and certified lifeguard instructor. Last summer, she trained the lifeguards at a summer camp (where she had worked as a W-2 employee in previous summers). She probably drove to the camp and back about 10 times to...

I will have an HSA-eligible plan (through the ACA Marketplace) for the first time starting in 2024. I plan to open an HSA at Fidelity on January 1. I have been reading up on HSA rules, but have a few questions: 1) Can I fully fund the HSA ($4150) at the beginning of the year? 2) Let's say I...

In the past, I have put all of our income in as "annual" and let healthcare.gov divide by 12 to get a monthly estimate. This is easier for investment income; plus I work a school-year (part-time so no benefits) job so I don't get paid in the summer. I was told that the 2024 Marketplace...

I plan to choose an HSA-eligible plan for 2024. I know that I can include planned IRA contributions on the application under "expenses," which lowers my income and increases my subsidy. However, I heard that there is not an option on the drop-down menu for HSA contributions. is this correct? Is...

Can I withdraw from a Roth IRA and contribute to a Traditional IRA in the same year and still take the tax deduction for the Traditional IRA contribution, assuming I am otherwise eligible for the tax deduction? The purpose of this would be to manage MAGI for ACA purposes. Thanks!

DH started Medicare in June and has original Medicare plus a supplement (AARP/UHC Plan G). Will his Medigap supplement continue automatically in 2023 if no action is taken? Or does he have to actively renew? Thanks!

DH starts Medicare June 1. He chose original Medicare and is already signed up for parts A and B. We have Medigap narrowed down to AARP/UHC Plan G or Priority Health Plan G. Priority Health gets good reviews but operates only in our state. It is connected to major hospitals in our area. We...

DH starts Medicare on June 1. He is already signed up for Medicare A and B and we are in the process of choosing Medigap and Part D policies. We are currently on an ACA plan as a family and I am primary. I understand that I need to call the Marketplace to remove him at some point. After reading...

Hi! I did extensive research on MEC (Minimum Essential Coverage) vs MV (Minimum Value Coverage) before enrolling in Marketplace insurance for 2021. My understanding was that MEC was enough to satisfy the mandate to have insurance, but being offered MV insurance through an employer was what would...

We currently have three of us (DH, me, 22-year old DD) on an ACA plan together and we are receiving $1400/mo in subsidies. DH will start Medicare this summer, which may or may not be relevant to my question. DD has been hired for a job that starts in August that provides health insurance or cash...

We were just notified that our LTC insurance rates will increase by about 50%, but then they are guaranteed to stay the same for at least 5 years. I think our rates may still be a heck of a deal, though. Mine (age 50ish) is increasing from approx $100 per 3 months to approx $150 per 3 months and...

My brother needs health insurance but does not have it available through his job. He has two jobs he loves, but neither is full time. He was on his wife's health insurance, but she changed jobs and adding him would cost $800/month. Plus they have recently separated and would like to keep things...

DD21 is taking one of her teacher certification tests today and she asked if we can use 529 funds for the test fee. I googled and found an article form last March indicating that legislation had been introduced to allow this...

I re-enrolled for 2022 on healthcare.gov, but I am still getting increasingly urgent reminder emails. I completed the application on Nov. 29 and then got emails to come back and choose a plan, which I did on December 5. However, I am still getting multiple reminder emails. I tried calling today...

DH was laid off in 2020 and received unemployment for the first 4 months of 2021. At that point, he decided to stop looking for work and retire (at age 63) and thus stopped collecting unemployment. We started health insurance through the ACA on 1/1/21 and recently got a reduced rate due to the...

One of the silver linings of my husband's unexpected early retirement (prompted by a COVID layoff last year) is that our income will be low enough to take the Retirement Savings Contribution Credit. Because I am significantly younger and am still working, we plan to continue to contribute to our...

Hello! I have always been a numbers person and have been doing my own taxes (originally on paper and, more recently, using Free Fillable Forms) since I was 23 (and then our MFJ taxes since a few years after that). I find taxes fascinating and read various IRS forms and publications (and their...