this seems to say that you do need to apply for an exemption
https://nj.gov/treasury/njhealthinsurancemandate/exemptions.shtml
drummerboy said:
this seems to say that you do need to apply for an exemption
https://nj.gov/treasury/njhealthinsurancemandate/exemptions.shtml
Yeah, my CPA was wrong and she admitted it. Very disheartening. Hate having to do so much research when I am paying a professional.
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So ... I lacked health insurance for ONE month in 2020. I know that there's no penalty for lacking insurance for one month, but that you have to apply for an exemption number to file with your tax return. When I mentioned this to my accountant, she said a law was recently passed that there would be no penalty and therefore I do not need to apply for the exemption number. However, I did an exhaustive search and found no evidence of such a law for NJ.
Hard to believe that my CPA would get it wrong. Anyone know anything about this? CPAs out there? Thank you!!