David M.Green Bookkeeping and Tax Service -
RSS

Recent Posts

ACA FORMS WON'T BE REQUIRED FOR FILING INDIVIDUAL INCOME TAX RETURNS
2018 Tax Filing Season Begins Jan. 29, Tax Returns Due April 17
Standard Mileage Rates for 2018 Up from Rates for 2017
Senate Passes Tax Reform Bill
IRS Announces 2018 Pension Plan Limitations; 401(k) Contribution Limit Increases to $18,500 for 2018
powered by

My Blog

Find Out More about Income-Based Health Coverage Exemptions

The individual shared responsibility provision requires you and each member of your family to have health care coverage, have an exemption from the coverage requirement, or make an individual shared responsibility payment for any month without coverage or an exemption when you file your federal income tax return.

You do not need to file a return solely to report your coverage or to claim an exemption if you are not otherwise required to file.
If you are not filing a federal income tax return because your gross income is below your return filing threshold, you are automatically exempt from the shared responsibility provision for that year. You do not need to file a tax return to claim an exemption from coverage and you should not make an individual shared responsibility payment. If you are not required to file a tax return for a year but choose to file one anyway, you should claim the coverage exemption on Form 8962, Health Coverage Exemptions, when you file your tax return.

0 Comments to Find Out More about Income-Based Health Coverage Exemptions:

Comments RSS

Add a Comment

Your Name:
Email Address: (Required)
Website:
Comment:
Make your text bigger, bold, italic and more with HTML tags. We'll show you how.
Post Comment