![]() ![]() (TurboTax Online Free Edition customers are entitled to payment of $30.) This guarantee is good for the lifetime of your personal, individual tax return, which Intuit defines as seven years from the date you filed it with TurboTax. Maximum Refund Guarantee / Maximum Tax Savings Guarantee - or Your Money Back – Individual Returns: If you get a larger refund or smaller tax due from another tax preparation method by filing an amended return, we'll refund the applicable TurboTax federal and/or state purchase price paid.This guarantee is good for the lifetime of your personal, individual tax return, which Intuit defines as seven years from the date you filed it with TurboTax. 100% Accurate Calculations Guarantee – Individual Returns: If you pay an IRS or state penalty or interest because of a TurboTax calculation error, we'll pay you the penalty and interest. ![]() ![]() You’ll pay for your insurance premiums on your own and be “paid back” for the credit, through your tax return. If you choose instead to receive your tax credit as a refund at tax time, it will either reduce the tax you owe at the end of the year, or boost your tax refund. This will come out of your tax return (The American Rescue Plan Act of 2021 suspended this requirement for tax year 2020). If your income ends up being significantly higher than you estimated for the year, you may be asked to pay back some of the credit you received. Essentially, it works like a discount on your insurance premiums. If you opt to estimate your income and receive advance payments, any money that you are entitled to will be paid directly to your insurance company. This tax credit only applies to insurance purchased through the marketplace. Your eligibility to receive the credit, and how much of a credit you are eligible for, is determined by your income when you file your taxes. The premium tax credit provides money to help individuals and families in moderate income brackets to afford their health insurance premiums. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |