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Massachusetts Form 8965: What You Should Know

Jan 8, 2017: See How to Make a Tax Return if You Have Affordable Care Act Exemptions and Find Out What You Should File (PDF, 439 KB). Related Content. Apr 2018: Find out how the Affordable Care Act provides tax credits to people making less than 400% of the Federal Poverty Level for a Marketplace plan and how it provides these Related Content: Taxpayers who have a qualifying “affordable” health plan should be able to file Form 8965, the Commonwealth of Massachusetts Exemption Certificate Number (ECN), to report the exemption. The Form 8965 is also known as the Health Coverage Exemptions (HE) form, where it serves as the tax-refund proof for those who have health coverage through an exchange established under the Affordable Care Act.” Tax credits.  See how the Affordable Care Act makes tax credits available for households making less than four times the Federal Poverty Level. For more information on this topic, go to Health Care Credit Tax credits.  A few words from the HHS.gov to those interested in claiming an exemption for their 2023 tax return. Exemption for 2023 tax year.  “In 2014, a taxpayer may choose to have the tax credit for qualified health care coverage reduced by the cost of any premiums for such coverage for the applicable qualified health plan, other than any premium for coverage in a grandfathered health plan that was in effect during the taxpayer's tax year ending preceding the selection. If a taxpayer makes a choice to reduce the amount of the tax credit for a qualified health plan for any applicable qualified health plan for any year, the taxpayer may take a deduction for the reduced amount in the following year by subtracting the qualified health plan's premium tax credit amount from its non-taxable cost (which could include a premium for coverage of an eligible beneficiary in any qualifying health plan or a premium for coverage in a grandfathered health plan that has been terminated or is not a qualified health plan), as determined under section 36B(v). As a result, a taxpayer may not take a deduction for the tax credits for any applicable qualified health plan.

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