Printed on April 13, 2017
The April 18 tax submitting deadline is lower than one week away. Irrespective of should you bought your well being protection by the Market, your job, or one other supply, you need to report your 2016 protection standing to the IRS once you file.
In the event you had a 2016 Market plan with premium tax credit
- You need to have acquired tax Kind 1095-A, Well being Insurance coverage Market® Assertion within the mail. It’s also possible to get this kind in your on-line Market account. See how you can discover it.
- Use your Kind 1095-A to your medical insurance tax credit score in your return. In the event you used much less premium tax credit score than you qualify for, you may get the distinction as a credit score. In the event you used extra, you’ll pay the distinction along with your federal taxes.
- In the event you don’t file a 2016 tax return and reconcile, you would lose any advance funds of the premium tax credit score starting in 2018.