2020 taxes: What to do with Form 1095-A, Health Insurance Marketplace® Statement

0
1521

[ad_1]

Published on February 12, 2021

If anybody in your family had a Marketplace plan in 2020, you must have acquired Form 1095-A, Health Insurance Marketplace® Statement, by mail from the Marketplace (not the IRS). After confirming that it’s correct, make sure you retailer it with vital tax data, like W-2 varieties and different information, so that you could simply discover it once you’re able to file.

How to seek out Form 1095-A on-line

If it didn’t arrive within the mail or you may’t discover it, test your HealthCare.gov account by following these steps:

  1. Log in to your HealthCare.gov account.
  2. Under “Your Existing Applications,” choose your 2020 software — not your 2021 software.
  3. Select “Tax Forms” from the menu on the left.
  4. Download all 1095-As proven on the display.

If it isn’t there, contact the Marketplace Call Center.

What to do with Form 1095-A

  • You can’t file your federal taxes with out Form 1095-A. You’ll want it to “reconcile” — discover out if there’s any distinction between the premium tax credit score you utilized in 2020 and the quantity you qualify for.
  • Before you do something, test to verify it’s proper.
  • If you already filed with an incorrect type, it’s possible you’ll have to file an amended tax return utilizing the knowledge in your corrected 1095-A.

LEAVE A REPLY

Please enter your comment!
Please enter your name here