TurboTax Release Tool Tells You If You Can Waive a Medical Penalty

The Affordable Care Act requires most of us to have health insurance or we must pay a premium. However, depending on your situation, you may qualify for tax exemption . This tool from TurboTax will tell you the likelihood of canceling the fine.

The free tool asks you a series of questions to see if you qualify for a penalty waiver. The questions are really simple and at the end of the questionnaire you will get a general idea of ​​whether you qualify. The answer depends, among other things, on how much you earn, the size of your family, and the health care options you have.

The tool doesn’t provide a detailed answer, but it’s a good place to start if you just want to know what to expect during tax time. Check it out at the link below.

Checking the exemption from penalties | TurboTax


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