This is more exciting than a Turkey Trot.....2. Shared Responsibility Payment Hardship Exemptions Notice 2014-76 identifies the hardship exemptions from the individual shared responsibility payment under § 5000A that a taxpayer may claim on a Federal income tax return without obtaining a hardship exemption certification from the Health Insurance Marketplace. The list includes: Two or more members of a family whose combined cost of employer sponsored coverage is considered unaffordable. Gross income below the applicable return filing threshold. Individuals who obtained minimum essential coverage during the 2014 open enrollment period. Certain individuals who applied for CHIP coverage during the open enrollment period for 2014. Individuals eligible for services through an Indian Health Care Provider. Certain individuals residing in a state that did not expand Medicaid eligibility under section 2001(a) of the Affordable Care Act. Individuals seeking a hardship exemption that is not on this list can apply for an exemption through the Marketplace.
Posted on: Thu, 27 Nov 2014 04:06:54 +0000
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