Detailed Information About Obama Care Coverage for 2014
The Individual Shared Responsibility Provision of the new Health Care Act, requires an Individual and each member of their family to have qualifying health insurance (called minimum essential coverage), have an exemption, or make a shared responsibility payment when you file your federal income tax return.
Was the 2014 enrollment period extended?
Yes, for a complete list by state of the extension periods provided to enroll,
State-by-state open enrollment deadline extensions
The original deadline for open enrollment for healthcare insurance in 2014 was October 1, 2013 through March 31, 2014. 14 states and DC have their own state-run exchanges while the remaining states use the Federal-run marketplace under the healthcare.gov site.
California granted extension for enrollment. For those that were in the enrollment process at the cutoff date of March 31, 2014, had until April 15, 2014 to complete the enrollment. Those with paper enrollments received by April 7, 2014, had until April 30, 2014 to complete their enrollment.
Affordable Care Act Tax Penalty
Description
Where are the inputs for the Affordable Care Act Tax Penalty in the 2013 Lacerte Tax Program?
Informational Response
The penalty affects Tax Year 2014, Important Information you need to know:
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