Plain-language notes on U.S. tax deadlines, IRS letters, cross-border reporting and running a small business, written by the CPAs who handle these questions every day.
Under section 71301 of the 2025 One Big Beautiful Bill Act, starting in 2027 the ACA premium tax credit is limited to citizens, green card holders, Cuban and Haitian entrants and COFA migrants. H-1B, L-1, H-4, F-1, J-1, pending green card applicants, refugees and asylees without a green card, and TPS holders can still buy at full price.
Read article
If you're self-employed or paid on a 1099, the Marketplace application asks for estimated MAGI, not gross receipts: Schedule C net profit minus half of self-employment tax, retirement contributions and the self-employed health insurance deduction. With full repayment of excess advance credit from tax year 2026, people near 400% of the poverty line need to estimate carefully.
Read article
Section 71305 of the One Big Beautiful Bill Act eliminated the caps on repaying excess advance premium tax credit (APTC), starting with tax year 2026. When you file your 2026 return in spring 2027, you repay whatever Form 8962 shows as excess, and above 400% of the poverty line the whole year's credit comes back.
Read article
Open enrollment for 2027 Obamacare coverage began November 1, 2026. On HealthCare.gov, including North Carolina, choose a plan by December 15 for January 1 coverage; enrollment runs to January 15, 2027. California, New York and New Jersey run through January 31. The rule that would have ended federal enrollment on December 15 was vacated in court.
Read articleYour situation
Every file is different. Book a free 15-minute consultation and a CPA will walk you through yours.
Articles are general information, not tax or legal advice for your specific situation.
