Tax Software Update

Calculation of self-employed health insurance deduction & advance premium health credit:

TaxAct:   MAYBE(?). Calculates using IRS iterative calculation

TurboTax:  MAYBE (?). Calculates  using IRS iterative calculation

HRBlock:  FAIL.  After install of 2/12/15 update, software reports:

Since you’re claiming the ACA premium tax credit and the self-employed health insurance deduction, you’ll need to get our next update to complete our return.

You must fix this problem before filing.

Next expected update: March 12, 2015

(Based on individual, anecdotal reports. One user reports differing results from TaxAct vs. TurboTax)

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