turbotax icon
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Exemption last year for insurance

hello I was homeless last year
2 Replies
New Member

Exemption last year for insurance

Exemptions are available based on a number of circumstances, including certain hardships, some life events, health coverage or financial status, and membership in some groups.

For more information on exemptions, please see this  Healthcare.gov topic

To determine if you qualify for any health insurance exemptions, please see this  Healthcare.gov Exemption Tool

For a taxpayer to qualify for an affordability exemption, the lowest-priced 2016 coverage that was available to you (through either a or Marketplace or job-based plan), would've had to cost more than 8.13% of your household income.

You may visit this link to use the Marketplace tool and determine what the lowest bronze-level plan would've been for you: https://www.healthcare.gov/tax-tool/#/year

To determine what the lowest priced plan was through your employer, you will need to contact your employer's HR department.

For the household's income, the IRS considers the household Modified Adjusted Gross Income (MAGI)

New Member

Exemption last year for insurance

Exemptions are addressed in the Health Insurance tab in the program. Please comment back if you need additional steps.
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
message box icon

Ready to start your taxes?

Hand off your taxes, get expert help, or do it yourself.

See Pricing
Manage cookies