If you had 2020 Marketplace coverage, learn how to file this tax season

Printed on January 28, 2021

Tax submitting season is right here. If you happen to had Market protection in 2020, observe these steps to prepare.

1. Preserve a watch out for Form 1095-A

• Your 1095-A contains details about Market plans anybody in your family had in 2020.
• It’s going to come within the mail by early February from the Market (not the IRS). You may additionally get it in your HealthCare.gov account earlier than then.

2. Make certain your Type 1095-A is true

• Rigorously learn the directions on the again. Affirm that your family and protection info, the “,” and the month-to-month premium are appropriate.
• If you happen to discover errors, contact the Marketplace Call Center. We’ll ship you an up to date copy. Wait to file till you might have it.
• If it’s proper and also you aren’t able to file, retailer it in a secure place.

3. “Reconcile” together with your appropriate Type 1095-A while you’re able to file

• You’ll use the knowledge out of your correct 1095-A kind to finish Part II of Form 8962 (PDF, 110 KB).
• The table on this page explains how to “reconcile.”
• Any distinction between the quantity of premium tax credit score you used upfront throughout the 12 months and the premium tax credit score you really qualify for will have an effect on your refund or the quantity of taxes you owe.