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