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Old 01-25-2015, 01:17 PM
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No Healthcare Tax Penalty

I did not get health coverage last year, so I will have to pay the tax penalty this year. However, my husband had health coverage through his parents (he is under age 26). I talked with a lady at the Health Marketplace and she told me to just make sure my husband and I file our taxes separately because then I am charged 1% of my income only, rather than 1% of both of our incomes. Is this true? If it is I will file separately, but if I have to pay 1% of both of incomes regardless if we file separately/together, then I'd rather file together and just pay one tax preparer fee. Please help. Thank you.



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Old 01-27-2015, 09:54 AM
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Join Date: Oct 2010
Posts: 5,233
I did not get health coverage last year, so I will have to pay the tax penalty this year. However, my husband had health coverage through his parents (he is under age 26). I talked with a lady at the Health Marketplace and she told me to just make sure my husband and I file our taxes separately because then I am charged 1% of my income only, rather than 1% of both of our incomes. Is this true?=======>>>>>>>>>correct; basically, if you didn't and you are the only person you need to cover, you'll pay either $95 or 1% of your gross income, whichever is higher.

If you didn't and you had to cover other adults or children, you'll have to pay $95 for adults and $47.50 for children, up to $285. If that amount is less than 1% of your income for 2014, though, you'll owe 1% of your income.

If it is I will file separately, but if I have to pay 1% of both of incomes regardless if we file separately/together, then I'd rather file together and just pay one tax preparer fee========>>>>>>>>no; If it is I will file separately, but if I have to pay 1% of NOT both of incomes but 1% of your own gross income $95 or 1% of your gross income, whichever is higher.



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