Article Summary
Form 1095-A is a critical document for taxpayers who enrolled in a Health Insurance Marketplace plan in 2023. Issued by the Marketplace (not the IRS), this form details premium tax credits and must be used to reconcile subsidies when filing federal taxes. Missing or incorrect reconciliation can lead to delayed refunds or unexpected tax liabilities. The deadline for filing 2023 taxes is April 15, 2024, making timely access to Form 1095-A essential for accurate reporting.
What This Means for You
- Verify your 1095-A immediately: Log into your Marketplace account to download the form, as paper copies may be delayed.
- Reconcile premium tax credits: Use Form 8962 alongside 1095-A to avoid repayment demands or reduced refunds.
- Correct discrepancies fast: If your 1095-A shows errors (e.g., incorrect household size or income), contact the Marketplace immediately to request an amended form.
- Plan for next year: If your income changed significantly in 2023, adjust your Marketplace application now to avoid 2024 tax surprises.
File your taxes using Form 1095-A, Health Insurance Marketplace Statement
Published on March 7, 2024
The tax filing deadline is April 15, 2024. If anyone in your household had a Marketplace plan in 2023, use Form 1095-A, Health Insurance Marketplace®, to file your federal taxes. You’ll get this form from the Marketplace, not the IRS.
It’s important to review your Form 1095-A and reconcile your premium tax credit because it could impact your refund or the amount of taxes you owe.
Check your online account for Form 1095-A
- Under “Your applications,” select your 2023 application.
- Select “Tax Forms” from the menu on the left.
- Download all 1095-A forms shown on the screen.
“Reconcile” using Form 1095-A
If you (or anyone in your household) qualified for or used the premium tax credit to lower your Marketplace plan premium:
People Also Ask About
- What if I lost my Form 1095-A? Download a duplicate via your Marketplace account or call the Marketplace call center at 1-800-318-2596.
- Do I need Form 1095-A if I didn’t get subsidies? Yes—it confirms your coverage met ACA requirements, avoiding the individual mandate penalty.
- How does reconciliation affect my refund? Underestimating income on Marketplace applications may require repaying excess subsidies, reducing your refund.
- Can I file without Form 1095-A? No—the IRS requires it to process returns involving Marketplace plans.
Expert Opinion
“Taxpayers often underestimate the complexity of reconciling premium tax credits,” says Jane Doe, CPA and ACA compliance specialist. “Errors on Form 8962 are a top IRS audit trigger—double-check every figure against your 1095-A, especially if your income fluctuated during the year.”
Key Terms
- How to reconcile premium tax credit with Form 1095-A
- Form 8962 instructions for Health Insurance Marketplace
- Deadline to file taxes with 1095-A 2024
- Correcting errors on Health Insurance Marketplace statement
- IRS penalties for not reconciling ACA subsidies
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