Published on March 16, 2017
If you enrolled in a Marketplace medical insurance plan for 2016, it is best to have acquired tax Form 1095-A, Health Insurance Marketplace® Statement within the mail. You can also get this manner in your on-line Marketplace account, you probably have one. You want this manner to “reconcile” — which means to search out out in the event you used the correct amount of premium tax credit score throughout the yr — your federal revenue taxes for 2016. Here are 3 suggestions:
1. Make certain your 1095-A is right
- Read the directions on the again and ensure every thing is right, together with your “month-to-month second lowest value silver plan (SLCSP) premium.”
- If you must make corrections, contact the Marketplace Call Center. We’ll ship a corrected type. Don’t file your taxes till you get an accurate 1095-A.
2. Get Form 8962 to “reconcile”
3. Use your 1095-A to finish Form 8962
- See our step-by-step information to discover ways to enter your info out of your 1095-A on Form 8962.
- Include your accomplished Form 8962 together with your 2016 federal tax return.