Client has 3 dependents and a son who is 29. Does not work and has not health insurance. Not covered under parents. So did not file return but the mom and dad makes $170,000. When say NO insurance they loose $1500 on there refund. Take him off as an exemption, the only loose $480. Will he qualify for the exemption for the 8965 part III for the code A since he cannot afford his insurance. Will that work for the son so they can claim him or it is not possible for him to be exempt. Any thoughts
Announcement
Collapse
No announcement yet.
Son for exemption health care
Collapse
X
Disclaimer
Collapse
This message board allows participants to freely exchange ideas and opinions on areas concerning taxes. The comments posted are the opinions of participants and not that of Tax Materials, Inc. We make no claim as to the accuracy of the information and will not be held liable for any damages caused by using such information. Tax Materials, Inc. reserves the right to delete or modify inappropriate postings.
Comment