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Exemption


Christian

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Ah yet another federal masterpiece with many regs and many more interpretations of same. I rarely drink alcohol but after additional reading related to the ACA I am inclined toward the idea of laying in several gallons of Chivas Regal for the tax season  so I can retire to my couch and relieve my anxieties. :P 

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I finally found a resolution to this problem. The couple are resident aliens and as such are subject to the ACA requirements.

However, since their combined income is on the order of $25,000 or so they qualify for an exemption based on the costs of the healthcare (bronze level) being greater than eight percent of their modified AGI. As another member pointed out keep looking till you find them an exemption.  :P 

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