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Is ACA penalty payable?
My spouse, I and child (10 year old) entered US at end of Apr-17. I was covered through employer insurance for complete 2017 but spouse and kid were not covered for whole of 2017. Income is 89000/- USD.
1. Are we liable to pay penalty under ACA when no exemptions (other than not being in US) are applicable?
2. If we are NOT liable to pay penalty, do we still need to fill Form 8965?
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Is ACA penalty payable?
You will not be subject to the penalty because they were out of the US for 330 days prior to entering the US, therefore, they were not required to have insurance.
The tax penalty for not having health insurance in 2017 can be waived if the individual was a U.S. citizen or resident but lived in a foreign country or U.S. territory for at least 330 days within a 12-month period that includes all or part of 2017.
[Edited 3/11/2018 7:33PM EST]
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Is ACA penalty payable?
You will not be subject to the penalty because they were out of the US for 330 days prior to entering the US, therefore, they were not required to have insurance.
The tax penalty for not having health insurance in 2017 can be waived if the individual was a U.S. citizen or resident but lived in a foreign country or U.S. territory for at least 330 days within a 12-month period that includes all or part of 2017.
[Edited 3/11/2018 7:33PM EST]
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Is ACA penalty payable?
Also arrival date in US is 4/29/2017. Will April be applicable for penalty completely?
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Is ACA penalty payable?
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Is ACA penalty payable?
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Is ACA penalty payable?
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Is ACA penalty payable?
1. Income 89000
2. Filling Married Jointly
3. Total number of family members 3
4. Myself covered and spouse/kid not covered
5. No exemption for months from May till Dec
6. Exemption for all 3 of us from Jan till Apr - Not lawfully present in US
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Is ACA penalty payable?
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Is ACA penalty payable?
My tax return generated showed Line 61 as having complete duration as being covered. Since my tax return includes my spouse and kid as well, will this be considered wrong to claim that there was complete coverage? If yes, am I required to state that the complete coverage was not there and file Form 8965 along with Form 1040.
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Is ACA penalty payable?
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Is ACA penalty payable?
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