So that we may better serve you, please read the following carefully, and determine which question below describes your healthcare coverage situation
1. Did you and all those listed on your return have health care coverage for the entire year 2018 from one or more of the following:
a. Government sponsored healthcare coverage (e.g. Medicare, Medicaid, Tricare, VA, etc.) ?
b. Employer provided health care plan?
c. Coverage purchased directly from a Health Insurance Company?
d. Did you and/or anyone on your return have coverage purchased through the Marketplace at healthcare.gov? If so, then you may be eligible for the Premium Tax Credit. You must have a copy of Form 1095-A
If yes STOP HERE. Your return will be simple to process.
2. Did you and/or any one listed on your return NOT have healthcare coverage for
the entire year? If so, you may be eligible for an exemption. If there is not an
eligible exemption, then you will be required to pay a penalty which will be added
to your return. We may be able to submit an exemption with your return.
3. If 2 above applies, did you apply for and receive an exemption from the Marketplace
(Healthcare.gov)? If so, we will need to see the document with your Exemption Certificate
which was issued to you by the marketplace for us to complete your return.
Healthcare and Your Taxes
For complete information download IRS Pub 5197 by clicking here