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For a taxpayer to qualify for an affordability exemption, the lowest-priced 2016 coverage that was available to you (through either a or Marketplace or job-based plan), would've had to cost more than 8.13% of your household income.
You may visit this link to use the Marketplace tool and determine what the lowest bronze-level plan would've been for you: https://www.healthcare.gov/tax-tool/#/year
To determine what the lowest priced plan was through your employer, you will need to contact your employer's HR department
- If you file Form 1040: If you file Form 1040, figure your MAGI by adding the amounts reported on Form 1040, lines 8b and 37.
Additionally: If you claimed the foreign earned income exclusion, housing exclusion, or housing deduction, add the amounts from Form 2555, lines 45 and 50, or Form 2555EZ, line 18. If your dependent has a filing requirement, but you elect to report the dependent's income on Form 8814, include the dependent's MAGI in the household income by adding Form 8814, line 1b and the smaller of Form 8814, line 4 or 5.- If you file Form 1040A: If you file Form 1040A, figure your MAGI by adding the amounts on Form 1040A, lines 8b and 21.
- If you file Form 1040EZ: If you file Form 1040EZ, figure your MAGI by adding the amount on Form 1040EZ, line 4 and any tax-exempt interest reported in the space to the left of line 2.
For more information, please see the IRS’s 2016 Instructions for Form 8965, or you may reference TaxGuyBill's answer here:
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