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How to reconcile your premium tax credit

If you had a Marketplace plan and used theย 
ย to lower your monthly payment, youโ€™ll have to โ€œ
โ€ when you file your federal taxes. This means youโ€™ll compare:
  • The amount of the premium tax credit you used during the year. (This was paid directly to your health plan so your monthly payment was lower.)
  • The premium tax credit you actually qualify for based on your final income for the year.
Any difference between the two figures will affect your refund or tax owed.
Notice:
You should get your Form 1095-A in the mail by mid-February. It may be available in your Marketplace account anytime from mid-January to February 1. If you don't get it, or it's incorrect,ย contact the Marketplace Call Center.

How to reconcile your premium tax credit

  1. Get your Form 1095-A.
  2. Print Form 8962ย (PDF, 110 KB) andย instructionsย (PDF, 348 KB).
  3. Use the information from your 1095-A form to complete Part II of Form 8962.
Select the information you need to get details:

  1. Complete all sections of Form 8962. On Line 26, youโ€™ll find out if you used more or less premium tax credit than you qualify for based on your final 2023 income. This will affect the amount of your refund or tax due.
  2. Include your completed Form 8962 with your 2023ย federal tax return.

What happens if you donโ€™t reconcile your taxes

If you had a 2023 Marketplace plan but didnโ€™t file andย reconcileย your 2022 taxes, you may lose any savings youโ€™re getting for your 2024 plan.ย 
  • Youโ€™ll get a letter from the Marketplace with details about what you need to do.
  • You may also get โ€œLetter 12Cโ€ from the IRS.
If you havenโ€™t filed your 2023 tax return โ€” or filed a return but didnโ€™t reconcile the premium tax credit for all household members โ€” you must do so immediately.
If you confirm that you filed your 2022 tax return, you wonโ€™t need to do anything else.

Questions on 2022 taxes

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