vynm2

vynm2 t1_j6fh08r wrote

Try a different software, but I would NOT recommend TurboTax. They're a bit of a smarmy company and have been in trouble more than once for leading people to believe they can file their return for free, and then telling them after they've entered all or most of their info that they have to pay to file-- sometimes when they could have declined paying and still filed for free.

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vynm2 t1_j6eo6kr wrote

When you enter a 1099-INT, the only info you need to include is the payer's name (typically the name of your bank) and the amount of interest they paid you (and any other values that are $ amounts if it's not a 1099-INT from a bank). You typically don't need to include federal or state ID numbers.

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vynm2 t1_j2cbqk2 wrote

A couple things:

  1. since you're talking about them not filing since around 2016, you'll need to check the filing thresholds for each year and compare their income to those thresholds to determine if they should have been filing. (You can find these in the 1040 instructions for each year. For 2018-2021, they're probably fine if they only had SS and minimal other income because the standard deduction increased substantially in 2018 and has been increasing since then.
  2. They may want to file 2020 and 2021 tax returns if they didn't get the stimulus checks. Most SS recipients did, though, so this may not be necessary.
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vynm2 t1_iug3u98 wrote

>2. My HDHP through my employer has the option to cover two or more people, but my wife and I elected to choose the "Employee Only" version of the HDHP plan we signed up under, as it was cheaper for my wife to have her own HDHP through the Health Insurance Marketplace and for me to have a HDHP through my employer.

It's important to realize that your spouse is only eligible for ACA subsidies for Marketplace insurance, if your cost for your employer's plan to cover both of you was more than 9.5% of your family's AGI. https://www.cbpp.org/blog/more-families-will-spend-less-on-health-care-premiums-thanks-to-a-fix-for-the-family-glitch

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vynm2 t1_iug1tsg wrote

u/ShimonaLisa, Its-a-write-off is correct.

As a cash advance:

  1. they get charged the cash advance fee,
  2. they start accruing interest right away, and
  3. they don't earn any points or other rewards.

So, what you're proposing isn't really a good idea, and it's definitely not going to be "free."

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