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Affordable Healthcare Act question?
I researched the penalty for not having health insurance and for the 1st year its %1 of earned income. If my wife and I file jointly on our income tax but only I have health insurance. Will our income as a whole be penalized for the %1 or just her earned income seeing that only I have health insurance? Should we not file jointly?
Any help to clarify this would be great?
1 Answer
- 8 years agoFavorite Answer
It is the greater of $95 or 1% of earned income per taxpayer.
For a couple filing a joint return - the greater of $190 or 1% of combined earned income
