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Saturday, May 17, 2025

Had 2016 Market protection? 3 ideas when submitting 2016 taxes

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Revealed on March 16, 2017

In the event you enrolled in a Market medical health insurance plan for 2016, you need to have obtained tax Kind 1095-A, Well being Insurance coverage MarketĀ® Assertion within the mail. You can also get this way in your on-line Market account, when you’ve got one. You want this way to “reconcile” — which means to search out out in case you used the correct quantity of premium tax credit score in the course of the 12 months — your federal earnings taxes for 2016. Listed here are 3 ideas:

1. Ensure your 1095-A is right

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

2. Get Kind 8962 to “reconcile”

3. Use your 1095-A to finish Kind 8962

  • See our step-by-step information to learn to enter your data out of your 1095-A on Kind 8962.
  • Embrace your accomplished Kind 8962 along with your 2016 federal tax return.

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