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New Member
posted Jan 27, 2020 5:38:11 PM

HEALTH INSURANCE

WHY ARE YOU NOT ASKING ABOUTHEALTH NSURANCE ON TURBO TAX

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2 Replies
Expert Alumni
Jan 30, 2020 8:47:08 PM

Health insurance questions are no longer included because having health insurance coverage is no longer mandatory.  The federal tax penalty for not being enrolled in health insurance was eliminated in 2019 because of changes made by the Tax Reform Act. The prior tax penalty for not having health insurance in 2018 was $695 for adults and $347.50 for children or 2% of your yearly income, whichever amount is more

Level 2
Feb 26, 2020 2:37:01 PM

Turbo Tax FAILED in asking for this information.  I am beyond frustrated!!!!  How in the world do your software people not get the "Hey do you have marketplace insurance??" Click "yes" or "no". That one simple question could have saved not only your customers, but the IRS tons of money and worry.  I am a single mom who looks forward to tax returns.  I filed and submitted my electronic return on Jan 17th.  I now have to wait until I get a letter in the mail from the IRS requesting my 1095A and now a 8962. They said to give them 3 weeks to process after they receive it and another 9 weeks to get my return.  So at this rate, I should get my return in June.  6 MONTHS after filing.  I will NOT be a return customer. BTW Tax Slayer prompted their customers with the marketplace question!!!!