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New Member
posted Nov 23, 2024 7:55:39 AM

can i apply for health coverage exemption for tax year 2016?

We couldn't afford health insurance for 2016, 2017, 2018, and 2021. Now we owe 61k. I didn't know about an exemption. Can I complete one now with the income from those years?

0 2 5458
2 Replies
Level 15
Nov 23, 2024 8:10:21 AM

Owe 61K to whom?

There is no requirement to have health insurance on a federal tax return since tax year 2019.

Level 15
Nov 23, 2024 8:26:19 AM

You need legal advice.  Generally speaking, the IRS can't audit you or assess penalties more than 3 years after you file (sometimes, 6 years is allowed).  So generally, they can't be assessing you for 2016-2018 at this point, unless they assessed you a long time ago and you are just now trying to clean it up; or if you never filed for those years (which means the 3 and 6 year clocks never started).  I suspect there are a number of facts you have left out of your question.  You probably need in person help from a tax professional you hire and can work with directly.