Living Without Health Insurance? Act Soon For Exemption From The 2014 Penalty…
There are a number of reasons for not having health insurance in 2014 that will exempt you from the penalty, but the hardship exemption will take some extra work on the taxpayer’s end.
To claim a hardship exemption from the health insurance penalty in 2014, individuals must have a certificate number that is issued by the Exchange. This certificate number will take at least two weeks to obtain according to the government.
Therefore, if you plan on claiming the hardship exemption, it is wise to start the process to obtain the certificate number as soon as possible since this could prevent the timely filing of your tax returns.
More information on all of the available exemptions can be found here, while information specifically regarding the hardship exemption can be found here.
