Published on January 25, 2024
Did somebody in your family have a Marketplace plan in 2023? When you file your taxes, you’ll want Form 1095-A, Health Insurance Marketplace® Statement. This kind comes from the Marketplace, not the IRS.
1. Find your kind
2. Check your kind
Is it appropriate? It ought to embody details about any Marketplace plans that members of your family had final 12 months.
3. Use your kind
If it’s correct, use the data in your 1095-A kind to “reconcile”any premium tax credit score you or your family certified for or used. To reconcile, you evaluate two quantities: the premium tax credit score you used upfront through the 12 months; and the quantity of tax credit score you qualify for primarily based in your closing revenue.