The question asking if you had health insurance is no longer asked on a tax return. This is because the individual mandate penalty for not having health care coverage was removed from the tax code after tax year 2018.
Unless you received an advance payment for insurance bought through one of the exchanges, you don't need to do anything. If you did receive an advance payment and didn't complete Form 8962, you will need to file an amended return.
According to the IRS:
Beginning in tax year 2019, Form 1040 will not have the “full-year health care coverage or exempt” box and Form 8965, Health Coverage Exemptions, will no longer be used. You need not make a shared responsibility payment or file Form 8965, Health Coverage Exemptions, with your tax return if you don’t have minimum essential coverage for part or all of 2019.
You may receive multiple information forms that you can use to complete your tax return and will keep with your tax records.
The information forms are:
If you or your family received advance payments of the premium tax credit through the Health Insurance Marketplace, you must complete Form 8962, Premium Tax Credit with your return. You will receive Form 1095-A, Health Insurance Marketplace Statement, which provides you with information about your health care coverage. You should wait to file your income tax return until you receive that form. Use the information from Form 1095-A to complete Form 8962 to reconcile advance payments of the premium tax credit or – if you are eligible – to claim the premium tax credit on your tax return. Filing your return without reconciling your advance payments will delay your refund and may affect future advance credit payments.
Do you receive a Form 1095-A for your health insurance from one of the state Marketplace Exchanges?
Our insurance is through my husband’s job so I don’t think so.
Then your health insurance premiums that you paid with out of pocket funds and were not reimbursed plus your other medical expense are entered on a Schedule A as an itemized deduction. However, with the increase in the Standard Deduction, most taxpayers no longer need to itemize deductions.
The total of all your itemized deductions on Schedule A must be greater than the standard deduction for your filing status to have any tax benefit.
Standard deductions for 2019
I guess I’m not understanding. For the past few years I had to answer if we had insurance. I do not want to have a penalty when we did have insurance but was not asked for that information.
The question asking if you had health insurance is no longer asked on a tax return. This is because the individual mandate penalty for not having health care coverage was removed from the tax code after tax year 2018.
Thank you! Whew, that’s a relief that I didn’t mess up. I appreciate it. Have a great day
I did receive my form but forgot to put it in.. what should I do?
Unless you received an advance payment for insurance bought through one of the exchanges, you don't need to do anything. If you did receive an advance payment and didn't complete Form 8962, you will need to file an amended return.
According to the IRS:
Beginning in tax year 2019, Form 1040 will not have the “full-year health care coverage or exempt” box and Form 8965, Health Coverage Exemptions, will no longer be used. You need not make a shared responsibility payment or file Form 8965, Health Coverage Exemptions, with your tax return if you don’t have minimum essential coverage for part or all of 2019.
You may receive multiple information forms that you can use to complete your tax return and will keep with your tax records.
The information forms are:
If you or your family received advance payments of the premium tax credit through the Health Insurance Marketplace, you must complete Form 8962, Premium Tax Credit with your return. You will receive Form 1095-A, Health Insurance Marketplace Statement, which provides you with information about your health care coverage. You should wait to file your income tax return until you receive that form. Use the information from Form 1095-A to complete Form 8962 to reconcile advance payments of the premium tax credit or – if you are eligible – to claim the premium tax credit on your tax return. Filing your return without reconciling your advance payments will delay your refund and may affect future advance credit payments.
@Annaleighton wrote:
Can I add my 1095-c form to my taxes
A Form 1095-C is not entered on a tax return
By not asking the question, it doesn't prompt the user to enter information from form 1095-A, and therefore causes this user to have to amend, when the forms to do so are available from turbotax online, sometime in late February. Even when this user has used turbotax for 10 years. 🤷♂️
I just had you file my taxes earlier today and I just realized that form 8962 should also have been filed
Because I was not asked anything about health ins, I now have to do an amended return because I had insurance through the market place. I had no clue I had to file a form with my return. Until I got a letter from IRS. I filed in Jan and now I have to wait until you get the 2019 amended form in order to send this. Which means I have to wait even longer for my return. You need to fix this!
@TCCJJ41 We'll help you create (or correct) the form in TurboTax. please see the TurboTax FAQ below for more information:
I did everything up until the print the 8962 form. It won't give me that option.
@TCCJJ41 wrote:
I did everything up until the print the 8962 form. It won't give me that option.
Did you follow the procedure Exactly as shown in this TurboTax support FAQ - https://ttlc.intuit.com/community/health-care/help/the-irs-is-requesting-form-8962/01/27409
Turbo Tax FAILED in asking for this information. I am beyond frustrated!!!! How in the world do your software people not get the "Hey do you have marketplace insurance??" Click "yes" or "no". That one simple question could have saved not only your customers, but the IRS tons of money and worry. I am a single mom who looks forward to tax returns. I filed and submitted my electronic return on Jan 17th. I now have to wait until I get a letter in the mail from the IRS requesting my 1095A and now a 8962. They said to give them 3 weeks to process after they receive it and another 9 weeks to get my return. So at this rate, I should get my return in June. 6 MONTHS after filing. I will NOT be a return customer. BTW Tax Slayer prompted their customers with the marketplace question!!!!
I received the health insurance letter from the IRS at the beginning of March and I filled it out and returned it with a copy of the letter and my 1095 as requested but it didn't say anything about submitting the last page of my 1040 (my refund amount changed after I filled out the health insurance form). Do I need to send that in or are the requested papers enough? There has been no update to WMR at all this year and in my IRS account it shows I haven't even filed for 2019 although I filed in Feb. And sent in the papers requested March 5th.
My Mom has me and her health insurances. but I am doing my tax as a single person
Posted in error amount in the HSA Medical. Need to delete the amount.
@aletellier1894 , Please follow the steps below to edit your information about HSA