Obamacare Penalty 8965
2016: Client MFJ. $40,000 AGI. No coverage, none available thru employer. Chose to not pursue Obamacare. Bronze plan here is $200 per month each. When I check "coverage is unaffordable" it grants an exemption -- but no details of calculation.
This year we switched to Axcess Tax (which many of us regret); same client/income info and it calculates a penalty of $1390, the max for their income. Complete with worksheet. Worksheet seems to correlate with my understanding of how penalties are calculated.
Both these programs cannot be right. What's happening?
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