What counts as minimum essential coverage?

Minimum essential coverage includes the following: Employer-sponsored coverage, including self-insured plans, COBRA coverage and retiree coverage Coverage purchased in the individual market, including a qualified health plan offered by the Health Insurance Marketplace Medicare Part A coverage and Medicare Advantage plans Most Medicaid coverage Children's Health Insurance Program (CHIP) [...]

Who is subject to the individual shared responsibility provision?

The provision applies to individuals of all ages, including children. The adult or married couple who can claim a child or another individual as a dependent for federal income tax purposes is responsible for making the payment if the dependent does not have coverage or an exemption. Please click on the link to view the status of the Affordable Care Act Tax Provisions for Individuals and [...]

What is the individual shared responsibility provision?

Under the Affordable Care Act, the federal government, state governments, insurers, employers and individuals are given shared responsibility to reform and improve the availability, quality and affordability of health insurance coverage in the United States. Starting in 2014, the individual shared responsibility provision calls for each individual to have qualifying health care coverage (known as [...]

Where can I deduct vehicle registration fee?

Part of vehicle registration can be deducted in the Itemized Deductions on the personal property tax line. Only the state tax charged based on the value of the property is deductible. Example. Your state charges a yearly motor vehicle registration tax of 1% of value plus 50 cents per hundred weight. You paid $32 based on the value ($1,500) and weight (3,400 lbs.) of your car. You can [...]

How to resolve California Pin Error? Prior year AGI does not match FTB

You know it is CA Pin Error if the message says as followed: Prior Year AGI [PriorYearAGI] in the Primaryor Spouse/RDP Signature [SpouseRDPSignature] element does not match FTB’s records, therefore you cannot sign your return electronically. You can still e-file by signing Form 8453-OL. Solution: Log-in to your account. REvisit/edit your CA return. Click Self-Select Pin TAB. Move your [...]