2020 taxes: What to do with Type 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 is best to have acquired Type 1095-A, Well being Insurance coverage Market® Assertion, by mail from the Market (not the IRS). After confirming that it’s correct, remember to retailer it with essential tax data, like W-2 types and different information, in an effort to simply discover it while you’re able to file.

How you can discover Type 1095-A on-line

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

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

What to do with Type 1095-A

  • You’ll be able to’t file your federal taxes with out Type 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, examine to verify it’s proper.
  • In the event you already filed with an incorrect type, you could must file an amended tax return utilizing the data in your corrected 1095-A.