2020 taxes & the Health Insurance MarketplaceĀ®
How health coverage affects your 2020 federal income tax return
You shouldāve already filed your 2020 taxes, but if you havenāt, you should do so immediately. When you file your taxes for the 2020 tax filing year:
- Youāll provide additional information when you file your 2020 federal income tax return.
- You may have to complete one or two new tax forms.
- You may have to use a tax tool to find 2020 Silver premiums to complete your tax return.
- Unlike in past tax years, if you didnāt have coverage during 2020, the fee no longer applies. This means you donāt need an exemption in order to avoid the penalty.
Your 2020 health coverage status
If you havenāt filed 2020 taxes, find the scenario that best applied to your health status in 2020 to get your next steps:
