2020 taxes: What to do with Kind 1095-A, Well being Insurance coverage Market® Assertion

Printed on February 12, 2021

If anybody in your family had a Market plan in 2020, it’s best to have acquired Kind 1095-A, Well being Insurance coverage Market® Assertion, by mail from the Market (not the IRS). After confirming that it’s correct, make sure to retailer it with necessary tax info, like W-2 varieties and different information, as a way to simply discover it while you’re able to file.

Tips on how to discover Kind 1095-A on-line

If it didn’t arrive within the mail or you may’t discover it, test your HealthCare.gov account by following these steps:

  1. Log in to your HealthCare.gov account.
  2. Below “Your Current Purposes,” choose your 2020 utility — not your 2021 utility.
  3. Choose “Tax Varieties” from the menu on the left.
  4. Obtain all 1095-As proven on the display screen.

What to do with Kind 1095-A

  • You possibly can’t file your federal taxes with out Kind 1095-A. You’ll want it to “reconcile” — discover out if there’s any distinction between the premium tax credit score you utilized in 2020 and the quantity you qualify for.
  • Earlier than you do something, test to ensure it’s proper.
  • When you already filed with an incorrect type, chances are you’ll must file an amended tax return utilizing the knowledge in your corrected 1095-A.