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New Member
posted Jun 1, 2019 12:02:05 AM

What is the income rate to get a health care tax exemption

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1 Best answer
New Member
Jun 1, 2019 12:02:06 AM

If your income is so low that you aren’t required to file a tax return, then you're automatically exempt from the penalty. For example, if a single taxpayer’s income in 2016 was less than $10,350, there typically was no need to file a return; for married couples, the cutoff was $20,600. Even if you do file a return -- to claim a refund, for example, or because you are self-employed and earned enough money to require it -- you're still exempt from the insurance requirement if your income is below the cutoff.

You're also exempt from the requirement if the most inexpensive coverage you can find would cost you more than 8.13% of your household income.

From: https://turbotax.intuit.com/tax-tools/tax-tips/Health-Care/Are-You-Exempt-From-Health-Care-Coverage-...



1 Replies
New Member
Jun 1, 2019 12:02:06 AM

If your income is so low that you aren’t required to file a tax return, then you're automatically exempt from the penalty. For example, if a single taxpayer’s income in 2016 was less than $10,350, there typically was no need to file a return; for married couples, the cutoff was $20,600. Even if you do file a return -- to claim a refund, for example, or because you are self-employed and earned enough money to require it -- you're still exempt from the insurance requirement if your income is below the cutoff.

You're also exempt from the requirement if the most inexpensive coverage you can find would cost you more than 8.13% of your household income.

From: https://turbotax.intuit.com/tax-tools/tax-tips/Health-Care/Are-You-Exempt-From-Health-Care-Coverage-...