Grab Bag
The percentage penalty for non-medical withdrawals from an HSA upon reaching age 65.
What is 0%?
This state has only straight-line borders, borders Nevada, and has a flat income tax rate.
The minimum age for an individual with no qualifying child or relative to qualify for the Federal EITC for tax year 2022.
What is 25?
One online resource that comes up in search engines states 24, but it is definitely 25 per the EITC Assistant:
irs.gov/credits-deductions/individuals/earned-income-tax-credit/use-the-eitc-assistant
Marginal Federal all-taxes tax rate, ROUNDED, at the for a joint taxpayer with taxable income of $90,000 whose sole source of income is self-employment income. Ignore effects of 1/2 SE tax deduction.
What is 37%?
15.3% + 22%, rounded..
$90,000 taxable on a joint return has a marginal Federal income tax rate of 22%. Add to that SE Tax.
Incidentally, any QBI deduction amount from the self-employment income is still subject to SE Tax. QBI deduction only helps with Federal Income Tax, not SE Tax.
This New Deal-era Federal program is a major source of income for our elderly customers, and amounts from this program are NOT taxable by California.
What is SOCIAL SECURITY?
A clergy W-2 should not include this amount in Box 1, as per IRS rules and per the TurboTax Handbook aka TurboTax Step by Step Guide aka Wiki Hot Topics Guide.
What is HOUSING ALLOWANCE?
https://wiki.intuit.com/display/TUGFP/TurboTax+Online+2022?preview=/977075459/996932719/Clergy.pdf
THIS is the difference between Actual Refund and Final Deposit.
Hint: answer is an identifying description, not an amount. The amount varies.
What are TURBOTAX FEES?
The form a taxpayer must file with the Wisconsin Department of Revenue in order to get a Wisconsin Homestead Credit, aka renters' credit.
What is the Schedule H-EZ?
This credit is available to non-elderly in this state.
Great TTLC resource:
https://ttlc.intuit.com/turbotax-support/en-us/help-article/state-tax-forms/eligible-state-renter-tax-credit/L32MXZDNX_US_en_US#:~:text=You%20can%20claim%20it%20when,file%20your%20state%20tax%20return.
Like chocolate and peanut butter, this Form 8962 and this form go together...
answer is definitely not Form 1040X!
What is the 1095-A?
What is Form 8801?
A Virginia resident cannot claim a credit for taxes paid to one of these three states on their Virginia resident tax return; instead, the credit must be claimed on the nonresident return.
Need at least two of three states in order to get the answer.
What are Oregon, Arizona, and California?
https://www.tax.virginia.gov/credit-for-taxes-paid-to-another-state
This state has a Mental Health Service Tax of 1% of income over one million dollars muwahahahaha.
What is California?
The search term for getting to the "form" for the MFS vs. MFJ comparison tool in TurboTax Desktop, in Find a Form.
What is WHAT-IF ? Hyphen must be included!
Over 1 million Minnesota workers who worked on the frontlines during the COVID-19 peacetime emergency qualified for a Frontline Workers Payment in 2022 of THIS AMOUNT, and it is taxable on the Federal return.
What is $487.45.
The number of states New York has reciprocal agreements with.
What is ZERO?