Had 2016 Market protection? 3 ideas when submitting 2016 taxes

Printed on March 16, 2017

If you happen to enrolled in a Market medical health insurance plan for 2016, you need to have acquired tax Kind 1095-A, Well being Insurance coverage Market® Assertion within the mail. You can also get this kind in your on-line Market account, when you've got one. You want this kind to "reconcile" — that means to search out out if you happen to used the correct amount of premium tax credit score throughout the 12 months — your federal earnings taxes for 2016. Listed below are 3 ideas:

1. Be certain that your 1095-A is right

• Learn the directions on the again and ensure every little thing is right, together with your "month-to-month second lowest value silver plan (SLCSP) premium."
• If you must make corrections, contact the Market Name Middle. We’ll ship a corrected kind. Don’t file your taxes till you get an accurate 1095-A.

2. Get Kind 8962 to "reconcile"

3. Use your 1095-A to finish Kind 8962

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