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Had 2016 Market protection? 3 ideas when submitting 2016 taxes


Printed on March 16, 2017

In case you enrolled in a Market medical health insurance plan for 2016, you must have acquired tax Type 1095-A, Well being Insurance coverage Market® Assertion within the mail. You can also get this manner in your on-line Market account, in case you have one. You want this manner to “reconcile” — which means to seek out out in case you used the correct quantity of premium tax credit score through the yr — your federal revenue taxes for 2016. Listed here are 3 ideas:

1. Make sure that your 1095-A is appropriate

  • Learn the directions on the again and ensure every part is appropriate, together with your “month-to-month second lowest price silver plan (SLCSP) premium.”
  • If it’s good to make corrections, contact the Market Name Heart. We’ll ship a corrected type. Don’t file your taxes till you get an accurate 1095-A.

2. Get Type 8962 to “reconcile”

3. Use your 1095-A to finish Type 8962

  • See our step-by-step information to discover ways to enter your data out of your 1095-A on Type 8962.
  • Embrace your accomplished Type 8962 together with your 2016 federal tax return.

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