{"id":1711,"date":"2019-01-09T05:55:41","date_gmt":"2019-01-09T05:55:41","guid":{"rendered":"https:\/\/www.irstaxapp.com\/?p=1711"},"modified":"2019-01-09T05:56:18","modified_gmt":"2019-01-09T05:56:18","slug":"hardship-exemption-health-penalty","status":"publish","type":"post","link":"https:\/\/www.irstaxapp.com\/hardship-exemption-health-penalty\/","title":{"rendered":"Notice 2019-5 : IRS Allows Hardship Exemption for 2018"},"content":{"rendered":"

\"hardship <\/picture><\/a>The good news is that the IRS has issued\u00a0 Notice 2019-5<\/strong><\/a> stating that certain hardship exemptions can be claimed for 2018 without having to obtain a hardship exemption certificate<\/strong> from the health insurance Marketplace\u00a0<\/span><\/p>\n

What is Hardship Exemption Certificate ?<\/h2>\n

Section\u00a0 \u00a7 5000A of the Internal Revenue Code<\/a> requires taxpayers to have minimum essential coverage for themselves and any nonexempt family dependent member, to qualify for an exemption, or to include an individual shared responsibility payment with their\u00a0Federal income tax return.<\/p>\n

Section 11081 of the Tax Cuts and Jobs Act,\u00a0\u00a0repealed the individual mandate penalty for contravening section 5000A of IRC as of January 1, 2019. However ,\u00a0the requirement for individuals and their dependents to have minimum essential health coverage unless exempt or pay a penalty still applies for 2018 returns. The notice 2019-5 would help certain types of eligible persons to claim health coverage exemptions i.e application of provision of section 5000A of IRC\u00a0 during the year 2018 .<\/span><\/p>\n

Who is Eligible for Hardship Exemption ?<\/h2>\n

A person is eligible for a hardship exemption for at least the month before, the month(s) during, and the month after the specific event or circumstance that creates the hardship if:<\/p>\n

    \n
  1. He or she experienced financial distress or extraordinary\u00a0 circumstances, including an unexpected natural or human-caused event,\u00a0 that prevented him\u00a0 from obtaining coverage under a qualified health plan;<\/li>\n
  2. He or she is so poor that he\/she can not afford\u00a0 \u00a0purchase a qualified health plan\u00a0 or<\/li>\n
  3. He or she has experienced other circumstances that prevented him or her from obtaining coverage under a qualified health plan<\/li>\n<\/ol>\n

     <\/p>\n","protected":false},"excerpt":{"rendered":"

    The good news is that the IRS has issued\u00a0 Notice 2019-5 stating that certain hardship exemptions can be claimed for 2018 without having to obtain a hardship exemption certificate from the health insurance Marketplace\u00a0 What is Hardship Exemption Certificate ? Section\u00a0 \u00a7 5000A of the Internal Revenue Code requires taxpayers to have minimum essential coverage […]<\/p>\n","protected":false},"author":1,"featured_media":1713,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[44],"tags":[726,722,725,727,730,723,728,724,729,731],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.irstaxapp.com\/wp-json\/wp\/v2\/posts\/1711"}],"collection":[{"href":"https:\/\/www.irstaxapp.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.irstaxapp.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.irstaxapp.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.irstaxapp.com\/wp-json\/wp\/v2\/comments?post=1711"}],"version-history":[{"count":0,"href":"https:\/\/www.irstaxapp.com\/wp-json\/wp\/v2\/posts\/1711\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.irstaxapp.com\/wp-json\/wp\/v2\/media\/1713"}],"wp:attachment":[{"href":"https:\/\/www.irstaxapp.com\/wp-json\/wp\/v2\/media?parent=1711"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.irstaxapp.com\/wp-json\/wp\/v2\/categories?post=1711"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.irstaxapp.com\/wp-json\/wp\/v2\/tags?post=1711"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}