Rayfield Luzim & Company, Garden City NY

Rayfield Luzim & Company, Garden City NY
Full service tax, accounting, and business services.

Tuesday, October 21, 2014

Within the Affordable Care Act, are children subject to the individual shared responsibility provision?

Yes. Each child must have minimum essential coverage or qualify for an exemption for each month in the calendar year. Otherwise, the adult or married couple who can claim the child as a dependent for federal income tax purposes will generally owe a shared responsibility payment for the child. #TaxGuyofLI #GardenCity

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