How to “reconcile” your premium tax credit on 2019 taxes
Printed on February 27, 2020
You’ve gotten till April 15, 2020 to file your 2019 federal earnings tax return. In the event you had a Market plan in 2019 and used
to decrease your month-to-month cost, you’ll must “reconcile” your tax return.
Via “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.
“reconcile” your premium tax credit score on 2019 taxes:
- Discover your Form 1095-A, and confirm its accuracy. In the event you didn’t get one, test your on-line Market account. If it’s not there, attempt the Call Center. See how to be sure the information is correct.
- Print Form 8962 (PDF, 112 KB) and instructions (PDF, 356 KB).
- Use the data out of your 1095-A type to finish Half II of Kind 8962. Refer to this table as a guide.
Get extra info on 2019 health coverage and your federal taxes.
