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Printable Form 8965 Nassau New York: What You Should Know
The form required information about your income and family size, and is filed at the IRS. You may need to complete Form 8965 if you were a taxpayer subject to the alternative minimum tax (AMT) for any of the tax years starting in 2024 and ending with the tax year for which you are claiming an exemption. You must claim a coverage exemption in order to get credit for an amount you paid not to have coverage. If you have an exemption and are entitled to a credit for the cost of other health insurance, you may be able to reduce the amount of tax due. For more on exemption exclusions from the AMT, see the following FAQ. If a health care professional determines that you do not need health insurance to meet the coverage requirement of your employment contract that you obtained from your employer, you do not have to complete the Form 8965. You do however, have to provide sufficient information so that the exemption application can be processed and the credit claimed.  If you are a spouse or parent of a qualifying dependent (see Questions No. 6 – 8). (For more information about filing a joint return and including dependent dependents on your tax return, see page 6 of Publication 518, Tax Guide for U.S. Citizens and Residents Abroad.) A dependent is a child, grandchild, or person, living with, or who was actively engaged in the taxpayer's home for a period of more than half the tax year. (See Questions No. 6 – 8.) How to Use Information in the Form 8965 to Claim an Exemption To claim an exemption for an amount not to have coverage, you must file a claim with the IRS. If you did not file a claim for the exemption (because you did not want to), you may be able to get credit for the amount paid at the end of the year. You are filing a claim for an exclusion, however you cannot get a credit for any part of the amount paid less than the amount of the exclusion (see the discussion on line 4 of Form 8965, Medical Care Exclusion (PDF)). If you have coverage, and paid an amount equal to the premium for your coverage that you did not pay for yourself, are required to file a Form 8965 and fill out part or all line 1. This is true even if you cannot use the information in Part II because of limitations in your ability to complete the form.
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