Here’s easy methods to prepare for the 2019 tax submitting season

Published on January 16, 2020

Attention: 2019 tax submitting season has began. Here’s what you are able to do now to prepare.

3 steps to prepare for 2019 tax submitting:

1. Look for Form 1095-A.

   • If you or anybody in your family had a 2019 Marketplace plan, you’ll get Form 1095-A, Health Insurance Marketplace^® Statement within the mail by early February. It comes from the Marketplace, not the IRS.
   • It might also be out there on-line in your HealthCare.gov account.

2. Check Form 1095-A for accuracy.

   • You’ll use Form 1095-A to “reconcile” your premium tax credit score in case you used superior funds of the premium tax credit score to decrease your month-to-month premium cost, so it’s necessary the data on it’s appropriate. If you file with an incorrect model, it’s possible you’ll have to file an amended return later.
   • Confirm issues like your protection and family info, month-to-month enrollment premium, and .
   • If you discover errors, contact the Marketplace Call Center. We’ll ship you an up to date copy. Wait to file till you could have it.

3. Use your appropriate 1095-A to “reconcile.”

   • Now that you’ve an correct 1095-A and second lowest price Silver plan premium, you’re able to fill out Form 8962, Premium Tax Credit.
   • See this step-by-step information to reconciling for subsequent steps.