As you begin to gather the information you need to file your taxes, it’s important to remember that information about your health coverage is now a part of the tax filing process.
Here’s what you need to know if you have Marketplace coverage:
Remember, the fee for not having coverage is increasing again this year. If you go without health coverage in 2016, the fee you’ll have to pay next year will increase to $695 or 2.5 percent of your income — whichever is higher.
The good news is Open Enrollment for 2016 coverage is happening now and runs through January 31. If you still need coverage and want to avoid paying a fee next year, you must sign up for coverage before January 31.
Find more tax information on our taxes page, or www.IRS.gov/aca.