Individual Shared Responsibility Payment Hardship Exemption that May Be Claimed on a Federal Income Tax

Notice 2017-14 provides that the hardship exemption from the individual shared responsibility payment under § 5000A, described by the Department of Health and Human Services, for an individual who is not enrolled in health insurance coverage that qualifies for the health coverage tax credit (HCTC) allowed by § 35 for one more months between July 2016 and December 2016, but who would have been eligible for the HCTC under § 35 if enrolled, may be claimed on a Federal income tax return without obtaining a hardship exemption certification from the Marketplace.

Notice 2017-14 will appear in IRB 2017-06 dated.

Courtesy of IRS

For more information contact Neikirk, Mahoney and Smith at 502-896-2999