Client has W2 income of $5,000 and did not have health insurance coverage for 2018. Will file as Married Filing Separately for 2018. Based on my research and my work to this point, it appears that the client is responsible for health insurance and will pay a shared responsibility payment of $695 with the tax return filing. My understanding is that even with minimal income, the taxpayer is still responsible if filing status is MFS. Looking for confirmation or comment...
Announcement
Collapse
No announcement yet.
ACA penalty for MFS
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