My total gross for last year was less than $8,000. I was told that the cutoff is $11,690. Therefore I do not need to file for waiver. Is that correct?
I am over 62. Not retired. Working part-time. Looking for full-time work. I have no insurance.
According to the IRS's Exemptions, Standard Deduction, and Filing Information guide, you don't have to file a tax return since your income is below $10,150. As such, you qualify for an exemption from the Obamacare Tax Penalty. For this particular exemption to take effect, you do not need to fill out an application - you do not have to file for a waiver.
If your income is above the tax filing threshold, and you qualify for an affordability exemption due to a plan costing more than 8% MAGI, you'll need to claim that exemption using the exemptions tax form.