March 16, 2017
Had 2016 Marketplace coverage? 3 tips when filing 2016 taxes
If you enrolled in a Marketplace health insurance plan for 2016, you should have received tax Form 1095-A, Health Insurance Marketplace Statement in the mail. You also can get this form in your online Marketplace account, if you have one. You need this form to "reconcile" — meaning to find out if you used the right amount of premium tax credit during the year — your federal income taxes for 2016. Here are 3 tips:
1. Make sure your 1095-A is correct
- Read the instructions on the back and make sure everything is correct, including your "monthly second lowest cost silver plan (SLCSP) premium."
- If you need to make corrections, contact the Marketplace Call Center. We’ll send a corrected form. Don’t file your taxes until you get a correct 1095-A.
2. Get Form 8962 to "reconcile"
- Print Form 8962 (PDF). Note: If you’re using a tax software program to file, the form will trigger automatically.
- Get instructions from the IRS (PDF) on how to fill it out.
3. Use your 1095-A to complete Form 8962
- See our step-by-step guide to learn how to enter your information from your 1095-A on Form 8962.
- Include your completed Form 8962 with your 2016 federal tax return.
Recent
- Stay healthy this summer with preventive care
- Recently lose health insurance? You may be eligible for Marketplace coverage
- 3 ways: report income & household changes
Categories
- Coverage for. . . (14)
- Get coverage (33)
- Information about health care (45)
- Medicaid, CHIP & Medicare (10)
- Keep or change your plan (4)
- Small businesses (6)
Archives
- April 2017 (4)
- March 2017 (3)
- January 2017 (3)
- December 2016 (4)
- November 2016 (3)
- October 2016 (3)
- September 2016 (5)
- August 2016 (4)
- July 2016 (4)
- June 2016 (4)
- May 2016 (4)
- April 2016 (3)
- March 2016 (4)
- February 2016 (5)
- January 2016 (5)
- December 2015 (5)
- November 2015 (4)
- October 2015 (2)
- September 2015 (5)
- August 2015 (3)
- July 2015 (5)
- June 2015 (3)
- May 2015 (1)
- April 2015 (1)
- March 2015 (2)
- February 2015 (3)
- January 2015 (5)
- December 2014 (5)
- November 2014 (8)
- October 2014 (4)
- September 2014 (8)
- August 2014 (6)
- July 2014 (5)
- June 2014 (3)
- May 2014 (4)
- April 2014 (4)
- March 2014 (8)
- February 2014 (4)
- January 2014 (2)
- December 2013 (2)
- November 2013 (1)
- October 2013 (2)
- September 2013 (6)
- August 2013 (4)
- July 2013 (5)
- June 2013 (2)