Unaffordable coverage options - Health Care - 8% or 9.5%

[Gretel]

Gretel, here are some links:

The credit is in IRC 36B, the penalty is in IRC 5000A. There are no 'Regs' for these.

Most of the Affordable Care Act is not in the tax code, it's in "Title 42" of the Federal code.

The original law and the 3 (or more) final "rules" are EXTREMELY long and difficult, and are entered into various sections of Title 42 and it's regulations.

For my own usage, I made a 3 page summary sheet. Your are welcome to look at it and use it, but for legal reasons I can't confirm that it is 100% accurate. Here is the link.

Wow, thank you so very much TaxGuyBill. If I ever meet you someplace I will take you out to dinner or lunch. Where are you located? I am in Montana.

[TaxGuyBill]

I'm happy to help!

I'm in Minnesota, but thanks for the offer for lunch.

[TaxGuyBill]

I want to correct one thing, there ARE "Regs" for 36B and 5000A. My usual site doesn't have them posted yet. Here are the links:

Regs 1.36B
Regs 1.5000A