How to “reconcile” your premium tax credit score on 2019 taxes

Published on February 27, 2020

You have till April 15, 2020 to file your 2019 federal earnings tax return. If you had a Marketplace plan in 2019 and used

to decrease your month-to-month fee, you’ll must “reconcile” your tax return.

Through “reconciling,” you’ll discover out if there’s any distinction between the premium tax credit score you used and the quantity you qualify for. Any distinction between the 2 figures will have an effect on your refund or tax owed.

How to “reconcile” your premium tax credit score on 2019 taxes:

1. Find your Form 1095-A, and confirm its accuracy. If you didn’t get one, verify your on-line Marketplace account. If it’s not there, attempt the Call Center. See how to make certain the data is right.
2. Print Form 8962 (PDF, 112 KB) and directions (PDF, 356 KB).
3. Use the data out of your 1095-A type to finish Part II of Form 8962. Refer to this desk as a information.

Get extra data on 2019 well being protection and your federal taxes.