Tax time has come once again and this year tax day falls on Wednesday, April 15, 2020.
As a member of a healthcare sharing ministry, please keep
the below information in mind when filing your taxes this year.
For the 2019 tax year, per the IRS, the 1040 will not have the “Full-year health care coverage or exempt box”. In addition, Form 8965 will no longer be used.
If you are filing for 2018 and prior tax years – the "Shared Responsibility Payment" requirement is still in effect.
Navigating the process to file your taxes can be complicated and confusing. If you have lingering questions consult your local tax advisor for guidance to ensure you are filing the appropriate forms, correctly and completely.