Luke G. asked

💰  Tax

What would be the health insurance subsidy penalty for getting married at the end of November? I am a 30-year-old, qualified for health insurance subsidy in New York, and have been paying $90/month. My wife is working, and I am concerned about losing my subsidy qualification for the entire year and having to pay full price for health insurance retroactively.

March 12th, 2024

Shelly S. answered

The IRS has a special rule to handle situations like yours. IRS Publication 974 provides step-by-ste...

March 12th, 2024

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