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2020 taxes & the Health Insurance MarketplaceÂź

How health coverage affects your 2020 federal income tax return

Notice:
If you haven’t filed your 2020 taxes, or filed but failed to “reconcile” your premium tax credit, use the information on these pages. Some links may point to IRS information about filing this year’s taxes, so read any IRS pages carefully.
You should’ve already filed your 2020 taxes, but if you haven’t, you should do so immediately. When you file your taxes for the 2020 tax filing year:
  • You’ll 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 didn’t have coverage during 2020, the fee no longer applies. This means you don’t need an exemption in order to avoid the penalty.

Your 2020 health coverage status

If you haven’t filed 2020 taxes, find the scenario that best applied to your health status in 2020 to get your next steps: