jklcpa Posted February 3, 2015 Report Share Posted February 3, 2015 In case anyone here downloaded the instructions like I did, the IRS made some revisions a little more than a week ago and posted this on the IRS website: Changes to Instructions for Form 8965 -- 23-Jan-2015 If you downloaded the Instructions for Form 8965 before January 22, 2015, please note the following. The Types of Coverage Exemptions chart on page 2 of the instructions has been revised. A checkbox has been added to the "Claimed on tax return" column on the line for the coverage exemption labeled "Income below the filing threshold." If you are not required to file a tax return, your tax household is exempt from the shared responsibility payment and you do not need to file a tax return to claim the coverage exemption. However, if you choose to file anyway, you can claim this coverage exemption on Part II of Form 8965. The Types of Coverage Exemptions chart on page 2 of the instructions has also been revised to remove the checkbox from the "Granted by Marketplace" column on the line for the coverage exemption labeled "Resident of a state that did not expand Medicaid." The coverage exemption described on this line can be claimed on your tax return. However, if you applied to the Marketplace for the similar coverage exemption for individuals who resided in a state that did not expand Medicaid, see the line on the Types of Coverage Exemptions chart for the coverage exemption labeled "Determined ineligible for Medicaid in a state that did not expand Medicaid coverage." Line 10 of the Marketplace Coverage Affordability Worksheet has been revised to read as follows: "Enter the monthly premium for the second lowest cost silver plan premium that covers everyone in your tax household for whom a personal exemption deduction is claimed, who is not eligible for minimum essential coverage (other than coverage in the individual market), and who does not qualify for another coverage exemption for the month. To find the second lowest cost silver plan go the Marketplace for your area." The revised version of the Instructions for Form 8965 is available for download. Page Last Reviewed or Updated: 23-Jan-2015 2 Quote Link to comment Share on other sites More sharing options...
RitaB Posted February 3, 2015 Report Share Posted February 3, 2015 Have I told you I'm glad I haven't been studying this $%^& for eighteen months? 1 Quote Link to comment Share on other sites More sharing options...
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