Bogleheads.org

If I need money in 2014, can I take out 3000 dollars from my HSA even though I do not have HSA plan at that point of time. I hope I have not confused. Thanks, FB If I understand your question correctly, yes, you can take the money out in 2014 even if you don't have a HDHP at the time. The HSA money...

Hi, I opened HSA in 2012 and contributed 6250. In 2013, I contributed 6450. Now in 2012, I had medical expense of 1000 dollars which I did NOT pay from HSA account. Similarly in 2013, had expensed of 2000 dollars and did not take out money from HSA. Now, I know I can take money out from my HSA for 3...

You can reimburse yourself at a later date as long as the HSA was established prior to incurring the medical expenses for which you are being reimbursed. See IRS Notice 2004-50 (http://www.irs.gov/irb/2004-33_IRB/ar08.html) Q-39. When must a distribution from an HSA be taken to pay or reimburse, on...

Hi, I opened HSA account in 2012 and contribute 6250. I have made the contribution for 6450 for 2013. So now I have 12,700 in my HSA account. Now in 2012, I had around 3000 medical expenses but I did not take out from my HSA account. I have kept all the reciepts and bank statments. Similarly, in FY ...

Hi all, Just an FYI.. I asked this question but now I have got the Paper Ibonds in hands so letting you guys know how much time it actually took I filled my taxes in last week of February via efile. I got the paper Ibonds on 3/16 so approximately, it took 3 weeks for the Papers Ibonds to be in my ha...

Ibonds have 2 components to the interest rate. iBond rate = Fixed rate + inflation rate The fixed rate is set when you buy the i Bond and does not change with time. The inflation rate adjusts every 6 months based on CPI. So, if you bought an iBond with 0% fixed and 1.8% CPI, the total is 1.8% (rate...

Hello all, I can't seem to get the link but I read somewhere over here that if the interest rate in IBonds increase, you can sell the old IBonds (which are over a year) and rebuy with the same money with new and better interest rates. I read something similar where the person was advising of selling...

Hi,

I filed my tax this weekend and opted for I bonds. Does anyone know, what month my I Bond will be issued? I filed on 2/24 so any chances of getting Feb, 2013 date for Ibonds or will it March, 2013.

How many days does it take to have the Ibonds to your doorsteps?

Thanks,
FB

Hi, I am in 25% tax bracket and I donated couples of dollars. For e.g 500. Now, if my income is 120K, if I have 500 in charity, it should decrease my income to 119500 but Turbo Tax is not taking into consideration the 500 dollars. I am not putting any institution as I donated randomly. Am I missing ...

livesoft wrote:So you don't get a tax deduction for a 1099-MISC. You get a tax increase. Did your taxes go up? Did you AGI go up?

Hi,

My extra income very less but my actual W2 is 25% tax bracket so my 1099 income was just added to the W2 income...which mean I am paying tax on my extra income...

Did your 1099 MISC income end up on Schedule C and SS tax on Schedule SE? Or did it end up on Form 1040 Line 21. Did you already reach the SS tax limit for 2012 by other means? Hi livesoft, I see that my extra 1000 dollars is seen in line 12 of 1040 (Business Income..attach Schdule C or C-EZ) _FB

Do you mean you are filling out a Federal Form 1040? You don't fill out a 1099 if you already have one. What is the "it" that is deducting the tax you already paid? That would mean crediting you with taxes withheld in the credits section of the 1040, right? What you might be missing is Sc...

Hi, I am on W2 but I got a 1099 MISC for extra work I did. Now, I have filled the from 1099 MISC with all the details. For e.g my income is 1000. Now I see that 1000 is added to my income but I do not see any tax deduction for that 1000 anywhere. In the end, it is deducting the Tax which I already p...

Last year (I used TaxACT), I too kept looking for a way to enter my form 8888 information. Never found a way to do it directly. Turns out TaxACT waited until the last moment---after determining I had a refund coming and my return was checked and any errors corrected---to ask how I wanted my refund....

Hi,

I have got some refund and would like to get the refund via I Saving Bonds. I am doing my tax via Turbo Tax Premier but I am not able to find the form in Turbo Tax.

Does anyone know how do I fill the form?

Thanks,
FB

HI, I put monthly some money in VWITX (Intermediate Term Tax Exempt Bonds) which is in my taxable account. I also reinvenst the dividend every month. Now my question is below -on 1/1/2013 I deposted 1000 -on 2/1/2013 I deposited 500 Now if I want to withdraw money from VWITX should I take out in bat...

Hi, I work on W2 but this year I did some extra work for another employer for which I will be getting 1099 Misc form. I read that tax on 1099 is more compared W2. Can anyone tell me what is the tax rate (Fed and State) if I have 1099 for 1,000 dollars? Out of 1000, how much will go in tax and how mu...

Hi, This year I put money in below Tax Exemp mutual fund in Taxable account and reinvest the divident VMLTX - Vanguard Limited Term Tax Exempt VWITX - Vanguard Intermediate Term Tax Exempt However, I have not sold any of them but I received 1099-DIV (dividend and distribution) for Mutual fund where ...

Hi,

I have kept the house money in Ally for 5 year cd. I would not risk that money anywhere else.

-Fb

Hi, I am in the same situation as your as I started HSA in 2012. I checked all option and went with Wells Fargo HSA. You have to maintain more than 5K to avoid monthly fees but good thing is you can invest all amount in their mutual fund. The expense ratio is a bit high but I guess WF is better if y...

Maybe statewide there is, but it doesn't mean each municipality that the bond was issued to got their act together. CA inter term tax-exempt has 1008 bonds, all concentrated in CA, 20% of the bonds can be AMT bonds. https://personal.vanguard.com/us/funds/snapshot?FundId=0100&FundIntExt=INT#tab=...

Based on the 26AS Tax Credit Statement which is generated based on PAN number for the TDS deducted, I will be taking the credit while filing US tax. See http://www.irs.gov/publications/p514/ar02.html#en_US_publink1000224404 More specifically: Foreign tax refund. You cannot take a foreign tax credit...

I'm not sure I understand your question i.e. "get the TDS"? But here's how it works: 1. Your bank in India deducts tax at source (TDS) for your Non-Resident Ordinary (NRO) account - usually at 30% of interest paid. 2. Depending on the total amount of interest income, you can file a tax re...

Can anyone tell me how do you guys fill in the exchange rate to get the TDS? http://www.irs.gov/Individuals/International-Taxpayers/Yearly-Average-Currency-Exchange-Rates RR2, This is helpful. Can you please tell me which in which form do you generally fill all these to get the tax credit. I use Tu...

Hi, The question is regarding Tax on the Indian Bank Fixed Deposits for NRO account. I have an NRO account and have created Fixed deposits. My income limit in Indian Rupees is not more to I should not be taxed in India for the Interest Income I have generated from fixed deposit. However, in NRO acou...

If the funds are held directly with Vanguard - Vanguard keeps track of all cost basis information and provides reports at year end. Yes. The funds are directly held with Vanguard. So that means, I should be fine if I reinvest the divident for these funds in Taxable? Apart from Tax complications (wh...

Hi, Normally we do not reinvest dividend in taxable to avoid tax complication. However, I am now putting my savings in the below two Funds in taxable and am reinvesting dividend. Is that good or not? VMLTX - Vanguard Limited Term Tax Exempt VWITX - Vanguard Intermediate Term Tax Exempt Can anyone gi...

Hello everyone, I hope you are all enjoying your holiday season. Quick question regarding our savings as I have not posted here in while and need to put back on the right track. We have the ability to save about $6,500/mo. We have a cash emergency fund that is appropriate size for our income. We do...

PaddyMac wrote:fwiw, WF only makes us keep $2K in cash.

I guess you might have opened the account earlier. The policy might have changed for the new custsomers.

Also, can you give information about the funds you have put in the WF? Would help.

curiouskitty wrote:My employer deposits money into a Wells Fargo HSA but I transfer it to Alliant periodically instead of investing at Wells Fargo.

But Alliant charges 5.95 per month for the HSA Investment services...while WF gives free if you maintain minimum balance of 5000

Hi,

I checked couple of HSA options and thought to go with Wells Fargo. Vanguard charges 45 dollars and WF does not charge anything if I maintain 5000 dollars and it also does not charges commission for trading.

I know the expense ratio are bad that is the reason wanted experts advice.

-Fb

Hi, I have opened HSA account at Wells Fargo and need some guidance in selecting the best fund. I am planning to use this fund for retirment and dont think I would be using it earlier. Below are the available option. I would appreciate if anyone can suggest. WF does not have any Index fund. MNTRX an...

Is this for simulating 2012 tax data? if yes, can u give us the link

Thank for all the reply. One quick thing I just need to confirm. I know it is that way but need a confirmation. For 2012.. the max limit is 6250. If I put 6250 in HSA account, I will tax deduction for 6250..correct. Though I just made medical expense for 800 dollars, it does not matter.... It is alw...

Qualified expenses: The HSA must be established and funded before the qualified expenses are incurred. I'd advise keeping your receipts for 7 yrs. :happy Hope that helps. I am not so sure about that. Two points, please correct me if I am wrong: 1. Suppose your HSA is well established, but not well ...

Can anyone help in answering the question?

FB

Hi, I ran previously on one of the thread here that you can take out money from you HSA for the medical bill for any year. Is that true? My question is below For Fiscal year 2013, I contribute 6000. Now in 2012 I had some medical bills for 500 which I paid with my credit card. Now if I need to take...

Hi, I ran previously on one of the thread here that you can take out money from you HSA for the medical bill for any year. Is that true? My question is below For Fiscal year 2013, I contribute 6000. Now in 2012 I had some medical bills for 500 which I paid with my credit card. Now if I need to take ...

Mel, Do you also recommend to grab I Bonds in January end for 2013 or wait till May? What are your view? FB I agree with the two posters above who say they're going to buy in Jan. I just don't see the fixed rate changing, and you'll get the known 1.76% inflation adjustment for the first six months ...

I Bonds are dead money for one year. Although "dead money" is not the Treasury's own preferred terminology. :moneybag True. They simply say that I Bonds can't be redeemed for the first year. I use fewer words to say the same thing ("dead money"). They can for those so fortunate ...

Hi,

Can anyone tell me what ETF should I buy to do TLH for VWO (Vanguard MSCI Emerging Markets ETF)

Thanks,
FB

Thanks..

I guess will wait till May for purchasing Ibonds for 2013 instead of buying in January

Hi,

I basically work on W2 but for extra work, I will be getting 1099. When I get the 1099, where will I enter that amount while filling the tax.

Havent done that before so just curious.

Thanks,
Vaibhav

Hi, I am already done for 2012 I Bonds for me and my wife. Now, what is the experts opinion for 2013? As the rates are out which 1.76% for the 6 months, is it advisable to buy 20K I bonds at the end of January 2013 or wait for May rates to show up and buy 10K at that point of time meaning buy 10K in...

Hi, For e.g my Taxable Income is 80,000 after deduction all standard deduction and credits. Now for 2012 below is the tax brackets 10% Bracket $0 – $17,400 15% Bracket $17,400 – $70,700 25% Bracket $70,700 – $142,700 10% on 17400 = 1740 Now when I deduct 17,400 from 80,000, the remainder is 63,600. ...

If you are the only sole member earning and you have wife (not earning) and a kid in the family, will you put dependent as "3-which includes yourself" or just "2-excluding yourself" while filing the tax? A Form 1040 is explicit. Line 6a... Yourself Line 6b... Spouse Line 6c... D...

Hi,

If you are the only sole member earning and you have wife (not earning) and a kid in the family, will you put dependent as "3-which includes yourself" or just "2-excluding yourself" while filing the tax?

Thanks,
FB

Toons wrote:Sure

http://turbotax.intuit.com/tax-tools/ca ... taxcaster/

Thank you Toons..that was exactly I was looking for..

_FB

Hi,

Does anyone know whether is there a website where I can enter all the details and see how much tax I might need to pay? I want to do that so that if I can manipulate selling some shares.

Thanks,
FB

hi,

I read somwhere that after sometime, the 401K statements should clearly mention the fees charged by them as the expense ratio.

Can anybody tell me from what I should be seeing that? Has anybody started seeing that

Thanks,
FB