Sunday, September 25, 2022
HomeInsuranceHad 2016 Market protection? 3 ideas when submitting 2016 taxes

Had 2016 Market protection? 3 ideas when submitting 2016 taxes

Printed on March 16, 2017

Should you enrolled in a Market medical health insurance plan for 2016, it’s best to have acquired tax Type 1095-A, Well being Insurance coverage Market® Assertion within the mail. You can also get this way in your on-line Market account, you probably have one. You want this way to “reconcile” — which means to seek out out if you happen to used the correct quantity of premium tax credit score throughout the yr — your federal revenue taxes for 2016. Listed below are 3 ideas:

1. Be certain your 1095-A is appropriate

  • Learn the directions on the again and ensure all the things is appropriate, together with your “month-to-month second lowest price silver plan (SLCSP) premium.”
  • If it’s essential to make corrections, contact the Market Name Heart. We’ll ship a corrected kind. Don’t file your taxes till you get an accurate 1095-A.

2. Get Type 8962 to “reconcile”

3. Use your 1095-A to finish Type 8962

  • See our step-by-step information to learn to enter your info out of your 1095-A on Type 8962.
  • Embody your accomplished Type 8962 together with your 2016 federal tax return.


Please enter your comment!
Please enter your name here

Most Popular

Recent Comments