From the Hotline: Proof of Health Insurance for Tax Filing
Question: We have had clients tell us that they were asked if they had proof of health insurance when they had their taxes done. Does that make sense when the health insurance mandate under PPACA doesn’t go into effect until 2014?
Answer: You are right, as it relates to the health insurance mandates that begin in 2014. What we think this refers to is the Health Coverage Tax Credit that individuals can file for. This particular form, IRS 8885 for 2012, relates to the Health Coverage Tax Credit for those individuals who are (a) an eligible trade adjustment assistance (TAA) recipient, alternative TAA (ATAA) recipient, reemployment TAA (RTAA) recipient, or Pension Benefit Guaranty Corporation (PBGC) pension payee in 2012; or if the taxpayer was the family member of a TAA, ATAA, or RTAA recipient or PBGC payee who passed away or with whom the taxpayer finalized a divorce, (b) the taxpayer cannot be claimed as a dependent on someone else’s 2012 tax return, and (c) the taxpayer met all of the other conditions listed on line 1 of Form 8885.
Here is a copy of Form 8885, with the filing instructions: http://www.irs.gov/pub/irs-pdf/f8885.pdf.