Health insurance coverage and your taxes

0
2285
Health insurance coverage and your taxes


Published on February 22, 2024

If you had Marketplace protection at any level in 2023 and obtained the , right here’s what you have to find out about submitting your federal taxes. 

Keep your Form 1095-A in a secure place 

This type has essential details about the Marketplace plans your family had in 2023. 

Check that your Form 1095-A is right 

  • Make certain your family and protection data, the “second lowest value Silver Plan” quantity, and the month-to-month premium are right. 
  • If you discover a mistake, contact the Marketplace Call Center. 

“Reconcile” together with your Form 1095-A 

If you certified for or used the premium tax credit score to decrease your Marketplace plan premium: 

  • Use the data out of your Form 1095-A to finish Part II of Form 8962 (PDF, 110 KB). 
  • If there’s a distinction between the quantity of the premium tax credit score you used through the 12 months and the quantity you really qualify for, it is going to influence your refund or the quantity of taxes you owe. 
  • You’ll embody Form 8962 together with your federal tax return. Get particulars on reconcile.

LEAVE A REPLY

Please enter your comment!
Please enter your name here