If you get paid by #Medicaid to care for a loved one who lives in your home through a state #MedicaidWaiver program, it probably is income / #SelfEmployment tax free.
Many #IRS #TAX #IncomeTax #TaxPreparers / #Accountants don't know this.
You should enter "Notice 2014-7" on Schedule 1, line 8, of your #TaxReturn #taxpreparation #taxseason
π 'Certain Medicaid Waiver Payments May Be Excludable From Income' via IRS
https://www.irs.gov/individuals/certain-medicaid-waiver-payments-may-be-excludable-from-income
#medicaid #medicaidwaiver #selfemployment #irs #tax #incometax #taxpreparers #accountants #disability #caregivers #taxreturn #taxpreparation #taxseason
#sfba do you have a tax-preparer who is good at doing complicated taxes for people who do contract work/freelance?
(The person who did ours for two decades has retired & moved away, with no recommendations. And good for them! But now we need helpποΈππΌ) #taxes #taxpreparers
Does anyone have any recommendations for a US Federal and/or State Income Tax preparation/filing software?
Requirements are:
- #FOSS / #FLOSS / #OpenSource
- either #SelfHosted / #SelfHosting or just a local application
- #privacy focused (no or minimal integrations with other tax prep/filing providers, no trackers, etc.)
- fully compliant with current IRS and any other applicable tax laws/regulations/forms
- NOT #TurboTax / #HRBlock / etc.
#foss #floss #opensource #selfhosted #selfhosting #privacy #turbotax #HRBlock #tax #incometax #TaxFilings #taxfiling #taxpreparers
Tax prep services send sensitive financial info to Facebook - Cory Doctorow (@pluralistic)
https://pluralistic.net/2022/11/22/free-file-now/#still-the-product
#privacy #piracy #Facebook #HRBlock #Tax #TaxPreparers #IncomeTax
#privacy #piracy #facebook #HRBlock #tax #taxpreparers #incometax