Had 2016 Marketplace coverage? 3 tips when filing 2016 taxes
Revealed on March 16, 2017
Should you enrolled in a Market medical insurance plan for 2016, it is best to have acquired tax Form 1095-A, Health Insurance Marketplace® Statement within the mail. You can also get this kind in your on-line Market account, when you have one. You want this kind to “reconcile” — which means to seek out out in case you used the correct amount of premium tax credit score in the course of the 12 months — your federal revenue taxes for 2016. Listed below are 3 suggestions:
1. Make certain your 1095-A is appropriate
- Learn the directions on the again and ensure all the things is appropriate, together with your “month-to-month second lowest price silver plan (SLCSP) premium.”
- If it’s worthwhile to make corrections, contact the Marketplace Call Center. We’ll ship a corrected type. Don’t file your taxes till you get an accurate 1095-A.
2. Get Type 8962 to “reconcile”
3. Use your 1095-A to finish Type 8962
- See our step-by-step guide to discover ways to enter your info out of your 1095-A on Type 8962.
- Embrace your accomplished Type 8962 along with your 2016 federal tax return.
