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Form 8965 for Syracuse New York: What You Should Know
The individual may be able toĀ file a tax return to update his or her information at any time. Note: Certain people may qualify for a Health Coverage Exemption. To qualify, theĀ individual must meet all the requirements for an exemption set out in the Health Coverage Exemption (HE) regulations. TheĀ individual must be filing a tax return and not be married or filing a joint return. Individuals who are older thanĀ 65 years or are widowed, separated, separated with dependent children, or receiving SSI or SDI benefits areĀ exempt. Individuals are not entitled to file for the Health Coverage Exemption if they do not qualify for anĀ exemption. In order to claim this exemption, the individual must receive health care for more than 12Ā months out of the 24 months immediately preceding the first day of the month. In all cases, the taxpayer must alsoĀ pay more than the amount of health care coverage the individual would be required to pay based on his or herĀ income and family size. A taxpayer may only be claimed for the Health Coverage Exemption once on anĀ income tax return. If the person does not have health coverage for the entire 24 months, the individual canĀ continue claiming the Health Coverage Exemption until he or she qualifies for the other exemption listed onĀ Form 8965. For example, if the person had coverage forĀ 12 months and qualified for the health coverage exemption,Ā then the person can continue to claim the Health Coverage Exemption until the end of the 36-month period. For allĀ individuals who provide a health care coverage exemption, there is no penalty for not filing an income tax return (and payingĀ the income tax due). However, only taxpayers who are elderly or disabled, or who are under the age of 65 and cannot workĀ because of a disability or age-related condition, may claim the exemption. For these taxpayers, theĀ individual is also required to file Form 8965.
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