Health insurance

Forum|Forum|6 years ago
January 25, 2020
5 replies
1 view

I filed and submitted my taxes return last night. This morning I realized that TurboTax did not ask me for my health insurance information while filing. Our family had insurance. Did I do something wrong?!

Best answer by DoninGA

I guess I’m not understanding. For the past few years I had to answer if we had insurance. I do not want to have a penalty when we did have insurance but was not asked for that information.

The question asking if you had health insurance is no longer asked on a tax return. This is because the individual mandate penalty for not having health care coverage was removed from the tax code after tax year 2018.

DoninGA

Level 15

Do you receive a Form 1095-A for your health insurance from one of the state Marketplace Exchanges?

MysticbutterflyAuthor

Level 2

Our insurance is through my husband’s job so I don’t think so.

DoninGA

Level 15

Then your health insurance premiums that you paid with out of pocket funds and were not reimbursed plus your other medical expense are entered on a Schedule A as an itemized deduction. However, with the increase in the Standard Deduction, most taxpayers no longer need to itemize deductions.

The total of all your itemized deductions on Schedule A must be greater than the standard deduction for your filing status to have any tax benefit.

Standard deductions for 2019

Single - $12,200 add $1,650 if age 65 or older
Married Filing Separately - $12,200 add $1,300 if age 65 or older
Married Filing Jointly - $24,400 add $1,300 for each spouse age 65 or older
Head of Household - $18,350 add $1,650 if age 65 or older

Annaleighton

Level 2

Can I add my 1095-c form to my taxes

DoninGA

Level 15

@Annaleighton wrote:

Can I add my 1095-c form to my taxes

A Form 1095-C is not entered on a tax return

Cheryl Cassell

Level 2

I just had you file my taxes earlier today and I just realized that form 8962 should also have been filed

gutierrez39eli

Level 2

My Mom has me and her health insurances. but I am doing my tax as a single person

aletellier1894

Level 2

Posted in error amount in the HSA Medical. Need to delete the amount.

AamilD

Level 9

@aletellier1894 , Please follow the steps below to edit your information about HSA

Click on Tax Home from the Left Side Menu.
Click on Deductions & Credits from the main screen.
Scroll down till you see a section titled "Medical". Within this section, the first option should be for HSA. Click on Revisit next to it and make the necessary changes.