February 22, 2018
How to “reconcile” your premium tax credit on 2017 taxes
If you had 2017 Marketplace coverage, you should have already received Form 1095-A in the mail. Make sure your Form 1095-A is accurate before you file your taxes. You’ll use information from this form about the second lowest-cost Silver Plan (SLCSP) to complete Form 8962, Premium Tax Credit.
First: Verify your household and coverage information & SLCSP
To make sure your SLCSP is correct, look at Part III, Column B of your 1095-A, titled “Monthly second lowest-cost Silver Plan (SLCSP) premium.” The SLCSP premium is incorrect if:
- Part III, Column B has a “0” or is blank for any month someone in your household had the Marketplace plan.
- You had changes in your household that you didn’t tell the Marketplace about — like having a baby, moving, getting married or divorced, or losing a dependent.
If either applies, use our tax tool to get your SLCP premium.
If anything about your coverage or household is wrong on your Form 1095-A, contact the Marketplace Call Center.
Second: “Reconcile” on your taxes
Now that you know your Form 1095-A is accurate, you’re ready to file. If you had a Marketplace plan and used advance payments of the premium tax credit (APTC) to lower your monthly payment, you’ll have to "reconcile" when you file your federal taxes.
See a step-by-step guide to reconciling.