When did 8880 start Form

When did 8880 start Form: What You Should Know

Enter the employee's filing status. If your employer provides health insurance coverage to your employees, enter the “Individual” option. If your employer does not provide coverage, enter the “Other” option. If you are a sole proprietor, enter “Other”. Line 7. Enter the employee's income. The information used on Line 7 should exactly match the information on this Worksheet. If the information is different, enter the appropriate dollar amounts in square brackets. Taxpayers should use Form 1040X or 1040A, Wage and Tax Statement. Line 9. Enter the employee's withholding. Line 9 may be blank when the employee withholds through an employee payroll processing business or an organization that has filed with the IRS, or you have provided Form W10, Employer Provided health coverage. If the information is different, enter the appropriate dollar amounts in square brackets. Taxpayers should use Form 1040X or 1040A, Wage and Tax Statement. Line 10. Enter the amount of the employee's share of the premium tax credit. Enter the maximum allowed by law. Taxpayers should use Form 1040X or 1040A, Wage and Tax Statement. Line 11. Check or tick “Yes” if the employee was covered by health insurance coverage in the tax year (in 2024 or 2018) as defined in section 4980H(c) of the Internal Revenue Code (Code).  Exemptions from the definition of “covered workers” for the year (in 2024 or 2018) are for a period of time, for example, for the first 3 months of the tax year (or 12 months, if the year begins on a Saturday or Sunday).  If you receive more than one Form 1095-C for covered workers filed in the same tax year, only a single Form 1095-C is required. Line 12. Enter the amount of the employee's share of the health insurance tax credit. Taxpayers should use Form 1040X or 1040A, Wage and Tax Statement. Line 13. Enter the total amount of employer contributions. For the years 2024 and 2018, Form 8863, Employer Election Not to Report  Health Coverage, should be used. Line 14. Enter the total gross wages. Taxpayers should use Form W-2, Wage and Tax Statement. Line 16. Check or tick “Yes” if the employee received health insurance coverage in the tax year, as defined in section 4980H(c) of the Internal Revenue Code (Code).

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