In 2021, the shared responsibility payment: Applies to uninsured taxpayers whose modified adjusted gross income exceeds the threshold amount for their age and filing status. May reduce the amount of the Premium Tax Credit. Applies only to nonresident aliens who received health insurance through the Marketplace. Does not apply.
In 2021, the shared responsibility payment: Applies to uninsured taxpayers whose modified adjusted gross income exceeds the threshold amount for their age and filing status. May reduce the amount of the Premium Tax Credit. Applies only to nonresident aliens who received health insurance through the Marketplace. Does not apply.
Chapter3: Tax Formula And Tax Determination; An Overview Of property Transactions
Section: Chapter Questions
Problem 5DQ
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Question
In 2021, the shared responsibility payment:
Applies to uninsured taxpayers whose modified adjusted gross income exceeds the threshold amount for their age and filing status.
May reduce the amount of the Premium Tax Credit.
Applies only to nonresident aliens who received health insurance through the Marketplace.
Does not apply.
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