Printed on January 25, 2024
Did somebody in your family have a Market plan in 2023? If you file your taxes, you’ll want Type 1095-A, Well being Insurance coverage Market® Assertion. This way comes from the Market, not the IRS.
1. Discover your type
2. Test your type
Is it right? It ought to embrace details about any Market plans that members of your family had final 12 months.
3. Use your type
If it’s correct, use the information on your 1095-A form to “reconcile”any premium tax credit score you or your family certified for or used. To reconcile, you evaluate two quantities: the premium tax credit score you used upfront in the course of the 12 months; and the quantity of tax credit score you qualify for based mostly in your ultimate revenue.
