More questions about the health care reform? Get your answers in the TurboTax community. There are some individuals who will not be required to purchase health insurance and therefore will not be penalized, including people with income below the IRS requirements for filing taxes, those who qualify for religious exemptions and members of Indian tribes. Do less data entry and use intuitive reviewing tools you can trust. Get returns done accurately and efficiently. In 2016, the annual penalty will be $695 per adult and $347.50 per child, with a max of $2,085 per family, or about two and a half percent of total income depending on family income. Intuits platform helps you achieve financial confidence with TurboTax, Credit Karma, QuickBooks, and Mailchimp. For 2015, the annual penalty will increase to $325 per adult and $162.50 per child, with a maximum penalty of $975 per family (or roughly two percent of total income depending on family income). The annual penalty will increase each year. The health care reform tax penalty will be imposed on your 2014 tax return filed in 2015. For uninsured children in your family, the penalty is $47.50 per child, with a family maximum of $285 for the year.īecause coverage is assessed on a monthly basis or prorated, you will only owe a portion of the total penalty for the months that you are uninsured. (Note: Returns for tax years 2019 and earlier are no longer eligible to be filed through TurboTax. ![]() A complete list of exemptions is available at .īe aware that for 2014, the annual one-time tax penalty will be $95 per adult, or one percent of your total income, based on your income. To file a new prior-year return, you'll need to purchase and download that year's TurboTax software for PC or Mac, as TurboTax Online and the mobile app are only available for the current tax year. The IRS has a free online tool to determine if you’re eligible for an exemption. If you don’t currently have insurance, there’s a window for enrollment – the government has given families and individuals from Octoto Mato purchase health care plans through their state or federal Health Insurance Marketplace.įor those who do not plan on purchasing insurance before the Madeadline, the federal government has identified more than 30 ways to qualify for an exemption, including hardship cases. Join the millions who file with TurboTax. Easily file federal and state income tax returns with 100 accuracy to get your maximum tax refund guaranteed. TurboTax is the 1 best-selling tax preparation software to file taxes online. More important offer details and disclosures. If you already have insurance through your employer, Medicaid, Medicare, or a private provider, you are already covered and will not receive a penalty. Credits, deductions and income reported on other forms or schedules. to 6 p.m., ET, Monday to Friday (except holidays). After May 1, English and French hours of operation will be 9 a.m. ET for French during tax season (from February 20 to May 1, 2024). to 12:00 midnight ET, 7 days a week for English, and 9 a.m. TurboTax does not store online any returns completed using the desktop editions.You may already know that starting in 2014 most Americans are required to have health insurance under the Affordable Care Act, but did you know that individuals who do not have health insurance could face a tax penalty in 2015? TurboTax experts are typically available from 9 a.m. If you used the desktop CD/Download editions installed on your computer, the only copy of your tax data file and any PDF's will be on the computer where the return was created. See this TurboTax support FAQ for accessing prior year online tax returns. Click on the Year and Click on Download/print return (PDF) ![]() Scroll down to the bottom of the screen and on the section Your tax returns & documents click on Show. To access your current or prior year tax returns sign onto the TurboTax website with the userID you used to create the account. Or did you use the desktop version of TurboTax? If so, the files are on your own hard drive or any backup device you used like a flash I want is to download, copy my last year's 2018 return. Many people have multiple TT accounts and forget how to access them. If you used online software then the tax file is stored online in your online account, If you purchased desktop software then the tax file is only stored on your own hard drive. We cannot look up an order in the user forum, so we cannot tell what you paid for. You say " I purchased Turbotax for 2018 on-line and filed.", but you do not say whether that purchase was online software or desktop software that you downloaded.
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