Revealed on April 13, 2017
The April 18 tax submitting deadline is lower than one week away. Regardless of in case you received your well being protection by means of the Market, your job, or one other supply, it’s essential to report your 2016 protection standing to the IRS once you file.
For those who had a 2016 Market plan with premium tax credit
- It’s best to have obtained tax Form 1095-A, Health Insurance Marketplace® Statement within the mail. You may as well get this kind in your on-line Market account. See how to find it.
- Use your Type 1095-A to your medical health insurance tax credit score in your return. For those who used much less premium tax credit score than you qualify for, you may get the distinction as a credit score. For those who used extra, you’ll pay the distinction together with your federal taxes.
- For those who don’t file a 2016 tax return and reconcile, you possibly can lose any advance funds of the premium tax credit score starting in 2018.
