topic Re: What’s Worksheet L, Shared Responsibility in Get your taxes done using TurboTax

What’s Worksheet L, Shared Responsibility

darwinfelix — Tue, 21 Jan 2020 15:05:48 GMT

Re: What’s Worksheet L, Shared Responsibility

Irene2805 — Tue, 21 Jan 2020 15:17:19 GMT

Do you see this in the federal or state return? If state, which state?

Re: What’s Worksheet L, Shared Responsibility

DoninGA — Tue, 21 Jan 2020 15:19:06 GMT

@Irene2805 wrote:

Do you see this in the federal or state return? If state, which state?

This has been an ongoing issue with New Jersey tax returns in regards to the Healthcare section on the state tax return.

Re: What’s Worksheet L, Shared Responsibility

Irene2805 — Tue, 21 Jan 2020 15:38:26 GMT

NJ Worksheet L is used to calculate the amount of your shared responsibility payment. Do not complete this worksheet if everyone in your tax household had minimum essential health coverage for the entire year.

Beginning in 2019, NJ residents who are required to file a return (and all members of their tax household) must have minimum essential health coverage for the entire year unless they qualify for an exemption. Part-year residents must have coverage or qualify for an exemption for each month of their New Jersey residency.

If you or anyone in your tax household did not have the required coverage and does not qualify for an exemption, you owe a shared responsibility payment. If your income on line 29 is $20,000 or less ($10,000 if your , or use the online calculator at njtaxation.org.

After the printing of the NJ-1040 booklet, changes were made to provide more detailed information about the shared responsibility payment and calculating the amount due. The complete line 52 instructions and Worksheet L are available at: 2019 Form NJ-1040 - Line 52 Shared Responsibility Payment

Re: What’s Worksheet L, Shared Responsibility

Irene2805 — Tue, 21 Jan 2020 15:40:49 GMT

Thanks, Don! I appreciate the info!

@DoninGA