Do I have to file form 8965?
You must file a tax return with Form 8965 if you or anyone in your family qualified for a health coverage exemption. If your income was below the tax return filing requirements, you did not need to file a tax return to only report your coverage or claim the exemption.
Does the IRS still require proof of health insurance?
Health care coverage documents You are not required to send the IRS information forms or other proof of health care coverage when filing your tax return. However, it’s a good idea to keep these records on hand.
What is exemption Type A on form 8965?
IRS Form 8965, Health Coverage Exemptions, is the form you file to claim an exemption to waive the penalty for not having minimum health insurance coverage. If you have coverage through your employer, buy insurance through a Marketplace, or use private insurance, you do not need to file tax Form 8965.
What is the IRS penalty for not having health insurance?
There is no federal penalty for not having health insurance since 2019, however, certain states and jurisdictions have enacted their own health insurance mandates. The federal tax penalty for not being enrolled in health insurance was eliminated in 2019 because of changes made by the Trump Administration.
What happens if I don’t file my 1095-A?
A few things may happen: (1) The IRS can adjust your return based on that missing information, and if they determine taxes should have been due, they will asses penalties and interest on that amount, (2) They can reject your return for incomplete information, or (3) They will hold your refund and request you send in …
What is the filing threshold for Form 8965?
What is Form 8965- Health Coverage Exemptions (Obamacare/ACA)?
| Filing Thresholds for Most People: | And your age is: | Then you must file a return if your gross income is more than: |
|---|---|---|
| Single | Under 65 | $12,000 |
| 65 or older | $13,600 | |
| Married filing Joint | Under 65 (both spouses) | $24,000 |
| 65 or older (one spouse) | $25,300 |
What is the difference between 1095-A and 1095 B?
Form 1095-A, Health Insurance Marketplace Statement, is provided by the Marketplace to individuals who enrolled or who have enrolled a family member in health coverage through the Marketplace. Form 1095-B, Health Coverage, is provided by insurance companies and other coverage providers.