What is 8965 Form?

The 8965 Form is a document used for reporting certain health coverage exemptions on your federal tax return. It is specifically designed for individuals who were not able to obtain qualifying health insurance coverage or were exempt from the requirement to have coverage.

What are the types of 8965 Form?

There are several types of 8965 Forms that you may need to be aware of. These include: 1. Form 8965, Health Coverage Exemptions: This is the main form used to report exemptions. 2. Form 8965, Part I: This section is used to claim exemptions for individuals who didn't have coverage. 3. Form 8965, Part II: This section is used to report exemptions for individuals who had coverage for part of the year. 4. Form 8965, Part III: This section is used to report exemptions granted through the Marketplace. 5. Form 8965, Part IV: This section is used to report exemptions for individuals who experienced hardship.

Form 8965, Health Coverage Exemptions
Form 8965, Part I
Form 8965, Part II
Form 8965, Part III
Form 8965, Part IV

How to complete 8965 Form

Completing the 8965 Form is a relatively straightforward process. Here are the steps to follow: 1. Gather the required information: You will need to have your personal details, including your name, Social Security number, and address, as well as any relevant documentation for the exemptions you plan to claim. 2. Fill out the form: Enter your information in the appropriate sections of the form, making sure to provide accurate and complete information. 3. Attach supporting documents: If required, attach any supporting documentation for the exemptions you are claiming. 4. Review and submit: Double-check all the information you have entered, make any necessary corrections, and then submit the form.

01
Gather the required information
02
Fill out the form
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Attach supporting documents
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Review and submit

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Video Tutorial How to Fill Out 8965 Form

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Questions & answers

You need not make a shared responsibility payment or file Form 8965, Health Coverage Exemptions, with your tax return if you don't have a minimum essential coverage for part or all of the year .
Giving evidence of health care coverage, federal Form 8962, does not remove the requirement to file California Form 3849. The two California Forms 3849 and 3853 need to be completed as needed in addition to the federal forms.
Health care coverage documents You are not required to send the IRS information forms or other proof of health care coverage when filing your tax return. However, it's a good idea to keep these records on hand.
You only need to submit one Form 8965 with your tax return, using separate lines to report each individual and the exemption type. Even if you had a one-month exemption during the year, you need to report that one month on your return. However, you will not owe a tax payment for not having insurance for that month.
Individuals who go without qualifying health coverage for a full year and don't file for an exemption may owe a tax penalty. The penalty amount is either 2.5% of the gross family household income or $695 per individual and $347.50 per child. you'll pay whichever amount is greater.
Instead, you'll file Form 8965, Health Coverage Exemptions, with your federal income tax return. For any month that you do not qualify for a coverage exemption, you will need to have minimum essential coverage or make a shared responsibility payment.