Janitor Bob Posted February 6, 2019 Report Posted February 6, 2019 client has no insurance for 2018. Gross income $12,160.00...just barely over the 12,000 limit for exemption from ACA. Penalty is calculating at $695...seems high for someone with income that low...am I missing something on the 8965 or does that penalty seem normal? Quote
Lion EA Posted February 6, 2019 Report Posted February 6, 2019 Could he make a small IRA contribution... Or, does he qualify for an exclusion due to low income or other... Quote
gfizer Posted February 8, 2019 Report Posted February 8, 2019 check to see if he qualifies for an affordability exemption Quote
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