How to “reconcile” your premium tax credit on 2019 taxes

February 27, 2020

You have got till April 15, 2020 to file your 2019 federal revenue tax return. In case you had a Market plan in 2019 and used

to decrease your month-to-month cost, you’ll should “reconcile” your tax return.

By “reconciling,” you’ll discover out if there’s any distinction between the premium tax credit score you used and the quantity you qualify for. Any distinction between the 2 figures will have an effect on your refund or tax owed.

“reconcile” your premium tax credit score on 2019 taxes:

1. Discover your Type 1095-A, and confirm its accuracy. In case you didn’t get one, examine your on-line Market account. If it’s not there, strive the Name Heart. See how to make certain the data is appropriate.
2. Print Form 8962 (PDF, 112 KB) and instructions (PDF, 356 KB).
3. Use the data out of your 1095-A type to finish Half II of Type 8962. Seek advice from this desk as a information.

Get extra data on 2019 well being protection and your federal taxes.