If you weren’t enrolled in qualifying health coverage for all or part of 2018, you may have to pay a fee with your federal income tax return. You will NOT get Form 1095-A unless you or someone in your household had Marketplace coverage for all or part of 2018.

What happens if you don’t File 1095 A?

Reporting Your 1095-A Not filing your return will cause a delay in your refund and may affect your future advance credit payments.

Do you have to indicate health insurance on 2018 tax return?

2018 tax forms require filers to indicate coverage. New guidelines will require taxpayers to address their health insurance status when filing taxes in 2018. The Internal Revenue Service won’t process individual tax returns in 2018 unless taxpayers indicate whether they have health insurance coverage or an exemption.

Do you have to pay taxes if you don’t have health insurance?

You are not responsible for the tax payment for not having insurance for that month. However, you must claim the exemption on your tax return or report the exemption you obtained from the Marketplace (also known as Exchange) by completing Form 8965, Health Coverage Exemptions, and including it with your filed tax return.

What to do if you dont have health insurance in 2018?

For 2018, if you think you may owe a penalty for not being insured, you can claim a hardship exemption if you experienced circumstances that made it hard for you to get coverage. With this exemption, you will not owe a tax penalty. You can claim the hardship exemption right on your tax return by checking a box on Form 1040.

What’s the penalty for not having health insurance in 2018?

For 2018 the flat amount is $695 for each uninsured adult and $347.50 for each uninsured child, up to $2,085 per family. The percentage penalty is 2.5% of family income above the federal tax filing threshold, which is $12,000 for a single filer, $24,000 for people who file jointly in 2018.