Ramon did not have health insurance in 2019 how does that affect his return? A. he...
Ramon did not have health insurance in 2019 how does that affect his return?
A. he must pay a $695 Shared responsibility payment
B. it has no effect on his form 1040 the full year health care coverage or exempt box is eliminated from form 1040 because the shared responsibility payment is reduced to zero for tax year 2019.
c. Ramon can claim a short coverage gap exemption to avoid the shared responsibility payment.
d. Ramon can claim the affordability exemption to avoid the shared responsibility payment.
Homework Answers
There was a penalty of $695 Shared responsibility payment in case one is uninsured between January 1, 2014 and December 31, 2018.
In 2019 However the Shared responsibility payment has been removed after the introduction of Tax Cuts and Job Acts.
Answer: B. it has no effect on his form 1040 the full-year health care coverage or exempt box is eliminated from form 1040 because the shared responsibility payment is reduced to zero for tax year 2019.
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