Taxes as a CHM member: What you should and shouldn’t do

By Charity Beall, CHM Chief Financial Officer (CFO)

*Editor’s note: This information was published in the January 2022 issue of Heartfelt Magazine, CHM’s monthly magazine that provides CHM membership-related tips and tricks, medical advice from doctors, testimonies from CHM members, and more. Please refer to the CHM Guidelines and applicable web pages for the most up-to-date information regarding CHM membership, sharing eligibility, and ministry news.*

When preparing your taxes, here are important details for CHM members to remember:

  • You don’t need to attach Form 8965 to your Federal Form 1040 because there’s no penalty for uninsured taxpayers or taxpayers who can claim CHM as a qualifying exemption.
  • Your monthly and Brother’s Keeper gift amounts aren’t tax-deductible (except in Missouri*) because you receive the service of health cost sharing when a medical event occurs.
  • Prayer Page donations and extra giving are tax-deductible. Donating members are mailed a tax statement in late January or early February.
  • These donations are credited to the year they’re received. Checks mailed in December but not arriving at CHM until January are credited to the new year.
    Members participating in a group may receive Form 1095 from their employer per the law’s requirement. These forms can be filed away with your tax records; however, no action is needed.

*Missouri members will receive a letter from CHM regarding their monthly and Brother’s Keeper gift amounts.

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