TAX DUE TO 1095a

[TDK-24]

MY RETURN WAS REJECTED BECAUSE I WAS NOT ASKED ABOUT THE 1095A.  SO. I DIDN'T INCLUDE IT ON MY RETURN.  MY STATE RETURN ASKED ABOUT IT, I WAS ABLE TO FILE FOR AN EXEMPTION SINCE IT WAS LESS THAN THREE MONTHS.  FEDERAL DOES NOT GIVE YOU THAT OPTION THAT I CAN SEE.  WHAT DO I DO...IT INCREASED MY TAXES BY $500+, AND  I AM 74 AND MY WIFE IS 65.  IT WAS ON HER END.

[DoninGA]

To enter, edit or delete your Form 1095-A -

• Click on Federal Taxes (Personal using Home and Business)
• Click on Deductions and Credits
• Click on I'll choose what I work on (if shown)
• Scroll down to Medical
• On Affordable Care Act (Form 1095-A), click the start or update button

Or enter 1095-a in the Search box located in the upper right of the program screen. Click on Jump to 1095-a

If you want to e-file a request for extension go to this TurboTax website - https://turbotax.intuit.com/irs-tax-extensions/

[TDK-24]

SORRY,

THE ISSUE WAS NOT HOW TO FILL OUT THAT PART ON THE ACA... OTHER READINGS SUGGEST THAT THERE ARE EXEMPTIONS FOR PERIODS OF LESS THAN THREE MONTHS.  I SEE NO AVENUE TO GET TO THEM ON THE FEDERAL SIDE.  THEY WERE AVAILABLE ON THE NEW JERSEY STATE SIDE.  BTW, I'M A FORMER IBM'r AND COME FROM AN IBM FAMILY IN THE BIRTHPLACE OF IBM, EDICOTT, NY!

[DoninGA]

On a Federal tax return there is not any type of exemption for having Marketplace insurance for 3 months or less in regards to the repayment of the excess Premium Tax Credit on the Form 8962. 

[TDK-24]

THE TURBO TAX NOTE I READ STATED THAT PENALTY FOR NOT HAVING INSURANCE STOPPED IN 2017.

THANKS FOR REALLY NO HELP.

[DoninGA]

On a federal tax return you are not receiving a penalty for not having insurance.  The penalty is a repayment of the Advanced Premium Tax Credit you received and as shown on the Form 1095-A and calculated on the Form 8962 Line 29.

Look at your tax return, Schedule 2 Line 2 Excess advance premium tax credit repayment , there should be an amount entered.  The amount from Schedule 2 Line 3 Flows to Form 1040 Line 17 as a tax liability.

[Mike9241]

is your spouse on medicare becuase she is not supposed to be covered by marketplace insurance if she is

If you have a Marketplace plan, you can keep it until your Medicare coverage starts.