Janitor Bob Posted February 6, 2019 Report Share 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 Link to comment Share on other sites More sharing options...
Lion EA Posted February 6, 2019 Report Share 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 Link to comment Share on other sites More sharing options...
gfizer Posted February 8, 2019 Report Share Posted February 8, 2019 check to see if he qualifies for an affordability exemption Quote Link to comment Share on other sites More sharing options...
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