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Health Coverage Exemptions Overview – Support

Health Coverage Exemptions Overview. For the 2018 tax year and prior, most taxpayers must have minimum essential health coverage or pay the Shared Responsibility Payment (sometimes called the penalty or mandate) for the months in which they did not have health insurance. If a taxpayer qualifies for a health coverage exemption, he or she does

Actived: 9 days ago

URL: https://support.taxslayerpro.com/hc/en-us/articles/360009174234-Health-Coverage-Exemptions-Overview

Desktop: Form 1095-A – Health Insurance Marketplace Statement

WEBIf any individual on the tax return (taxpayer, spouse or dependent) was covered by a Health Insurance Marketplace plan, they will receive a Form 1095-A, Health Insurance …

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ACA and Employers: Understanding the Terms Affordable and

WEBTo avoid the employer shared responsibility provisions of the ACA, an employer needs to provide its employees with both affordable and minimum value …

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Self-Employed Health Insurance Deduction – Support

WEBA self-employed taxpayer may be able to deduct the amounts paid for medical and dental insurance, as well as the premiums for qualified long-term care insurance. The …

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How is the Premium Tax Credit Calculated

WEBTaxpayers use Form 8962 to calculate the Premium Tax Credit (PTC). The amount of the PTC is then reconciled with any Advanced Payment of a Premium Tax Credit (APTC). …

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ProWeb: Massachusetts Health Care Penalty and Exemption, …

WEBTo enter the Health Care information or exemption, from the main menu of the Massachusetts tax return select: Health Care Information - Schedule HC. Taxpayer - …

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Credit for Small Employer Health Insurance Premiums

WEBEligible small employers can use Form 8941 to figure the credit for small employer health insurance premiums for tax years beginning after 2009. The maximum credit is based on …

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Desktop: Form 8889, Health Savings Account (HSA) – Support

WEBDesktop: Form 8889, Health Savings Account (HSA) A health savings account (HSA) is an account set up with a qualified HSA trustee that is used to reimburse qualified medical …

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ProWeb: California Form 3853

WEBBeginning with tax year 2020, the state of California requires residents and their dependents to obtain qualifying health care coverage, also referred to as Minimum Essential …

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Desktop: How to add a statement regarding marketplace insurance

WEB1 TaxSlayer Pro through SurveyMonkey surveyed 757 users of TaxSlayer Pro online tax preparation software 4/1/19 through 4/17/19. 93% of TaxSlayer Pro …

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Desktop: Form 8853, Archer MSA, Medicare MSA, and Long-term …

WEBTo enter Archer MSA distributions in TaxSlayer Pro, from the Main Menu of the tax return (Form 1040) select: Adjustments. Archer MSAs and Long-Term Care …

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ProWeb: Form 8962

WEBClick the button for Allocate policy amounts (8962, Part IV). In Allocation 1, enter the following information: Policy Number (1095-A line 2) - Enter the policy number as shown …

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Desktop: Nonresident of California Exemption from Healthcare

WEBTo complete Form 3853, from the California Nonresident Return menu select: Step 1 - indicating the months the nonresident exemption applies. Part III - …

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Making QBID entries involving an S-Corporation (Form 1120-S)

WEBAn S-Corporation is required to report to its Shareholder (s) on the Schedule K-1 (Form 1120-S), Shareholder’s Share of Income, Deductions, Credits, etc., the information …

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Form W-2 Box 12 Codes – Support

WEBThere are several types of compensation and benefits that can be reported in Box 12 of Form W-2. Box 12 will report a single letter or double letter code followed by a dollar …

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