Don’t miss the deadline to file 2016 taxes & report your health coverage!
Printed on April 13, 2017
The April 18 tax submitting deadline is lower than one week away. Irrespective of in the event you bought your well being protection via the Market, your job, or one other supply, it’s essential to report your 2016 protection standing to the IRS whenever you file.
In case you had a 2016 Market plan with premium tax credit
- It is best to have obtained tax Form 1095-A, Health Insurance Marketplace® Statement within the mail. You can too get this manner in your on-line Market account. See how to find it.
- Use your Kind 1095-A to your medical insurance tax credit score in your return. In case you used much less premium tax credit score than you qualify for, you may get the distinction as a credit score. In case you used extra, you’ll pay the distinction together with your federal taxes.
- In case you don’t file a 2016 tax return and reconcile, you might lose any advance funds of the premium tax credit score starting in 2018.
