440547
You'll need to sign in or create an account to connect with an expert.
Yes, the penalty still applies for 2017 (and 2018).
When you tell TurboTax (in the Health Insurance section) that you did not have qualifying health insurance (or only had it for part of the year), it will calculate the penalty.
It will also ask if you have any situations that qualify to waive the penalty.
https://www.healthcare.gov/health-coverage-exemptions/exemptions-from-the-fee/
The penalty 2.5% of the amount of your income that is over the 'filing threshold' ($10,000-ish for a Single person), with a minimum of $695 per adult.
Yes, the penalty still applies for 2017 (and 2018).
When you tell TurboTax (in the Health Insurance section) that you did not have qualifying health insurance (or only had it for part of the year), it will calculate the penalty.
It will also ask if you have any situations that qualify to waive the penalty.
https://www.healthcare.gov/health-coverage-exemptions/exemptions-from-the-fee/
The penalty 2.5% of the amount of your income that is over the 'filing threshold' ($10,000-ish for a Single person), with a minimum of $695 per adult.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
ryan-wilson
New Member
anonymouse1
Level 5
in Education
meenakshimishra
Level 2
meenakshimishra
Level 2
donnapb75
New Member