Part IV: Individual Shared Responsibility Payment and Comprehensive ACA Examples
In this webinar, Tara Straw, Senior Health Policy Analyst at CBPP, discusses the individual shared responsibility payment (or the “penalty”), walks through some comprehensive examples using TaxWise Online, and answers some of your questions.
This is the fourth session in a new webinar series titled “ACA: Everything You Need to Know.” The series is designed to help VITA sites and outreach partners prepare for the tax season.
View slide deck.
Watch the Webinar
Review: Steps in the Tax Return Related to the ACA
Individual Shared Responsibility Payment (ISRP)
What is the individual shared responsibility payment?
– Partial year coverage
– Example: Filing single
– Example: Married filing jointly
Code G exemption: individuals in states that did not expand Medicaid
Putting It All Together