Revealed on April 13, 2017
The April 18 tax submitting deadline is lower than one week away. Regardless of should you obtained your well being protection via the Market, your job, or one other supply, you will need to report your 2016 protection standing to the IRS while you file.
For those who had a 2016 Market plan with premium tax credit
- It is best to have acquired tax Kind 1095-A, Well being Insurance coverage Market® Assertion within the mail. You can even get this manner in your on-line Market account. See discover it.
- Use your Kind 1095-A to your medical 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 along with your federal taxes.
- For those who don’t file a 2016 tax return and reconcile, you might lose any advance funds of the premium tax credit score starting in 2018.
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