Have a Tax Question? Ask a Tax Expert
The taxpayer and their dependents are supposed to have had health insurance for the entire year. If the taxpayer or any dependents did not have insurance for the full tax year, other than the short term exemption of up to two months, a penalty applies for each person. SEE BELOW:
You can also refer to the following IRS webpage:
Let me know if I can be of further assistance to you regarding this matter. If all is clear, a positive rating of 3 or more stars is appreciated so that I can receive credit for assisting you today.