Monday, January 8, 2018

Obamacare Question on the 2017 Tax Return

Unfortunately you won't have the option of not answering the question concerning your qualified health care coverage during 2017 like you did on the 2016 income tax return. The IRS is now going to force you to answer the question. This means that you will will have to pay a substantial penalty if you didn't have qualified health insurance unless you qualify for one of the exemptions such as low income or only a two month break in coverage.

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