I wasn't expecting any clients to have ACA related returns. Today a new client came in and told me that she got their insurance through Medicaid. I asked if it was through the market place and she said yes. No 1095-A received. I am totally confused about how the ACA penalty and Medicaid works.
If a taxpayer her their health insurance through Medicaid she is exempt from the ACA penalty, correct? If so, do I simply check box 61 and am done? No other forms to file?
In this case her AGI was $28,000 and she has a child. Does it matter what her income is if she got her health insurance through Medicaid?
If a taxpayer her their health insurance through Medicaid she is exempt from the ACA penalty, correct? If so, do I simply check box 61 and am done? No other forms to file?
In this case her AGI was $28,000 and she has a child. Does it matter what her income is if she got her health insurance through Medicaid?
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