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The Affordable Care Act requires you and each member of your family to have minimum essential coverage, qualify for an insurance coverage exemption, or make an individual shared responsibility payment when you file your federal income tax return.

If you meet certain criteria, you may be exempt from the requirement to have qualifying health coverage. If you are exempt, you will not have to make a shared responsibility payment when you file your 2014 federal income tax return this year. For any month that you do not qualify for a coverage exemption, you will need to have minimum essential coverage or make a shared responsibility payment.

How you get a coverage exemption depends upon the type of exemption for which you are eligible. You can obtain some exemptions only from the Marketplace, while others may be claimed when you file your tax return.

You may be exempt if:
The minimum amount you must pay for the annual premiums is more than eight percent of your household income
You have a gap in coverage that is less than three consecutive months
You qualify for an exemption for one of several other reasons, including having a hardship that prevents you from obtaining coverage, or belonging to a group explicitly exempt from the requirement
You will claim or report coverage exemptions on Form 8965, Health Coverage Exemptions, and attach it to Form 1040, Form 1040A, or Form 1040EZ. These forms can all be filed electronically.

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Earned Income and AGI Limits
The tax year 2018 Earned income and adjusted gross income (AGI) must each be less than:
If filing...
Qualifying Children Claimed
Zero
One
Two
Three or more
Single, Head of Household or Widowed
$15,310
$40,402
$45,898
$49,298
Married Filing Jointly
$21,000
$46,102
$51,598
$54,998
Investment Income Limit
Investment income must be $3,500 or less for the year.
Maximum Credit Amounts
The maximum amount of credit for Tax Year 2018 is:
$6,444 with three or more qualifying children
$5,728 with two qualifying children
$3,468 with one qualifying child
$520 with no qualifying children
For more information on whether a child qualifies you for EITC, see:

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