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Health insurance; how have I to pay back the difference through my taxes? Do they automatic deduct through my taxes refund?
My actual concern is do I have to do anything at all when I see this message "How much of the difference you have to pay back through your taxes = $105" in the Health Insurance tab, like cut a check of $015 that I own and send to IRS / CoverCalifornia. Or TurboTax will figure it all out and automatic deduct through my taxes refund?
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June 3, 2019
12:09 PM
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Get your taxes done using TurboTax
TurboTax automatically calculates the difference and deducts it from your refund. It is actually part of your tax return on Schedule 4 which shows up on line 14 of your 1040.
You do not have to write a check unless TurboTax is showing that you have tax due instead of a refund.
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June 3, 2019
12:09 PM
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Get your taxes done using TurboTax
Thank you much TurboTaxVanessaIA , EA for your prompt answer.
June 3, 2019
12:09 PM