I know there is another very similar thread going on, but I didn't want to confuse the issue by combining the two, so please bear with this new thread.
I have a Massachusetts client that did not get any insurance all year. She only made about $15.5K all year. She could have gotten Mass Health for nothing, but still didn't (LAZY!!). So there was no excuse for this. Anyway, I completed the federal and state forms for the health insurance part. I completed the Health Insurance Worksheet and stated no insurance and none purchased through the Marketplace all year. I checked off the box for the whole year. So I went to calculate the Shared Resp. Payment worksheet, but was not able to check off any months on the form unless I overrode the boxes which I didn't want to do. When I did override the monthly boxes to check them off (just to see what would come out) a penalty of about $111 came out. I don't know what I am doing wrong (if anything). I thought she would have a penalty. Would it be because of her low income that I don't have to complete that penalty? I am getting more confused on what is going on. When I go through the review when doing the e-filing on the return nothing appears to be wrong. I also completed the Mass return with no penalty calculated. It did state because of her income. I use TaxAct. Does anyone having any thoughts on whether I am doing something wrong? Thanks for any responses!
I have a Massachusetts client that did not get any insurance all year. She only made about $15.5K all year. She could have gotten Mass Health for nothing, but still didn't (LAZY!!). So there was no excuse for this. Anyway, I completed the federal and state forms for the health insurance part. I completed the Health Insurance Worksheet and stated no insurance and none purchased through the Marketplace all year. I checked off the box for the whole year. So I went to calculate the Shared Resp. Payment worksheet, but was not able to check off any months on the form unless I overrode the boxes which I didn't want to do. When I did override the monthly boxes to check them off (just to see what would come out) a penalty of about $111 came out. I don't know what I am doing wrong (if anything). I thought she would have a penalty. Would it be because of her low income that I don't have to complete that penalty? I am getting more confused on what is going on. When I go through the review when doing the e-filing on the return nothing appears to be wrong. I also completed the Mass return with no penalty calculated. It did state because of her income. I use TaxAct. Does anyone having any thoughts on whether I am doing something wrong? Thanks for any responses!
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