It’s tax season! Check your mail for Form 1095-A

Date:

Share post:


Published on January 25, 2024

Did someone in your household have a Marketplace plan in 2023?  When you file your taxes, you’ll need Form 1095-A, Health Insurance Marketplace® Statement. This form comes from the Marketplace, not the IRS.

 

1. Find your form 

2. Check your form

Is it correct? It should include information about any Marketplace plans that members of your household had last year.

3. Use your form 

If it’s accurate, use the information on your 1095-A form to “reconcile”any premium tax credit you or your household qualified for or used. To reconcile, you compare two amounts: the premium tax credit you used in advance during the year; and the amount of tax credit you qualify for based on your final income. 

 

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Related articles

How to Make Your Content Stand Out When Everyone is Using AI

AI has changed the way marketers and content creators create content. Many marketers use AI to create...

3 Expert Tips to Start a Side Hustle in 2024 for Extra Cash

If you're looking to kickstart a high-income side hustle in 2024,...

300 Best Things to Make and Sell from Home in 2024

In 2024, the idea of making and selling products from home is not just a trend, but...

Want to Foster an Inclusive Workplace? Prioritize Empathy During the Onboarding Process

First impressions matter. Here's where you are going wrong in setting up your new hire for long-term...