Published on January 28, 2021
Tax submitting season is right here. If you had Marketplace protection in 2020, observe these steps to prepare.
1. Keep a watch out for Form 1095-A
- Your 1095-A contains details about Marketplace plans anybody in your family had in 2020.
- It will come within the mail by early February from the Marketplace (not the IRS). You might also get it in your HealthCare.gov account earlier than then.
2. Make positive your Form 1095-A is correct
- Carefully learn the directions on the again. Confirm that your family and protection info, the “,” and the month-to-month premium are right.
- If you discover errors, contact the Marketplace Call Center. We’ll ship you an up to date copy. Wait to file till you have got it.
- If it’s proper and also you aren’t able to file, retailer it in a protected place.
3. “Reconcile” together with your right Form 1095-A once you’re able to file
- You’ll use the data out of your correct 1095-A type to finish Part II of Form 8962 (PDF, 110 KB).
- The desk on this web page explains learn how to “reconcile.”
- Any distinction between the quantity of premium tax credit score you used upfront throughout the 12 months and the premium tax credit score you really qualify for will have an effect on your refund or the quantity of taxes you owe.