Frequently-asked questions by tag

IRS

iPad searching for 1095 tax form

Where do I find my 1095 tax form?

April 4, 2019 – Q: What are the tax forms associated with health insurance, and where do I get them? A: There are three different forms that are used by… Read more

Is the Obamacare individual mandate just based on the honor system?

Is the Obamacare individual mandate just based on the honor system?

January 19, 2019 – Q. Is the Obamacare individual mandate just based on the honor system? A: In some ways, yes. But although the individual mandate penalty… Read more

If I decline my employer-sponsored plan and try to get a subsidized exchange plan, will the IRS know?

If I decline my employer-sponsored plan and try to get a subsidized exchange plan, will the IRS know?

December 17, 2018 – Q. If I decline by employer-sponsored health plan and apply through the exchange instead - and try to get a premium subsidy - would the… Read more

A girl with a puzzled look on her face wondering how much the IRS will charge her for health insurance

Is the IRS changing how much I’ll have to pay for my health insurance next year?

November 26, 2018 – Q. I saw that the percentage of income I have to pay for my health insurance is higher for 2019, after decreasing for 2018. Is the IRS… Read more

Man holding a bomb with an Obama logo wondering if the government can enforce Obamacare penalties

Is it true that government can’t really enforce the penalty for not having health insurance?

February 16, 2018 – Q. I've heard that the government won't really be able to enforce the penalty for not having health insurance. Is this true? A: Although… Read more

Baloon being blown up saying the size of your tax credit depends upon your income in the year you receive a premium subsidy

What happens if my income changes and my premium subsidy is too big? Will I have to repay it?

January 15, 2018 – If recipients end up earning more than anticipated, they could have to pay back some of the subsidy. This can catch people off guard,… Read more

Will the IRS apply my payment to my penalty or to my income tax?

If I owe income tax and the ACA penalty but don’t plan to pay the ACA penalty, will the IRS apply my payment to my penalty or to my income tax?

January 12, 2018 – Q. If I owe income tax and the ACA penalty but don’t plan to pay the ACA penalty, will the IRS apply my payment to my penalty or to my… Read more

How does my access to employer-sponsored coverage impact my eligibility for subsidized coverage through the exchanges?

January 3, 2018 – A. You're correct that your household income is under the cutoff for subsidy eligibility, which will be $113,760 for a family of five when… Read more

Frequently-asked questions on health insurance

If the IRS doesn’t owe me a refund, how does it enforce the individual mandate penalty?

April 3, 2017 – Q. If the IRS doesn't owe me a refund, how will it enforce the penalty? Will IRS agents be coming to our homes to collect it? I have read… Read more