Filing Season 2019
For tax year 2018, the IRS will not consider a return complete and accurate if the taxpayer does not report full-year coverage, claim a coverage exemption, or report a shared responsibility payment on the tax return for all members of the tax household.
The Affordable Care Act includes the individual shared responsibility provision and the premium tax credit that may affect your tax return.
The individual shared responsibility provision requires you, your spouse, and your dependents to have qualifying health insurance for the entire year, report a health coverage exemption, or make a payment when you file. In addition, you may be eligible for the premium tax credit if you purchased health coverage through the Health Insurance Marketplace.
| Reporting Coverage |
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Claiming Coverage Exemptions |
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Most taxpayers already have qualifying health care coverage, and will simply check the 'Full-year health care coverage or exempt' box on the front of Form 1040.
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Some taxpayers are exempt from the requirement to have coverage and will not need to make a shared responsibility payment.
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| Claiming and Reconciling Premium Tax Credit |
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Making a Shared Responsibility Payment |
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If you purchased coverage through the Health Insurance Marketplace, you may be eligible for the premium tax credit.
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If you do not have qualifying coverage or an exemption for each month of the year, you will need to make a payment with your return.
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