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I H TS N ER T AE J E, 1 U 125 N 90 SP T1 E: C A NT D T LENS U L G E NOT T O H OE I E FL I T E A S OO N H E G. LAW G R P E H D AE E Q RR A U TS D RA E O HG O NR MK TSI L O H G A A H S P D RA E N E
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IH TS stands for Individual Health Tax Summary, which is a document used to report health insurance coverage on your tax return.
Individuals who had health insurance coverage during the tax year are required to file IH TS.
IH TS can be filled out online or through paper forms provided by the government. You will need to report your health insurance coverage information.
The purpose of IH TS is to ensure that individuals have had health insurance coverage as required by law and to report this information to the IRS.
You must report your name, address, Social Security number, and details of your health insurance coverage for the tax year.
The deadline to file IH TS in 2023 is April 15th.
The penalty for late filing of IH TS is $50 per month, up to a maximum of $300 or 5% of your unpaid taxes, whichever is greater.
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