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Had 2016 Market protection? 3 suggestions when submitting 2016 taxes


Revealed on March 16, 2017

Should you enrolled in a Market medical insurance plan for 2016, it is best to have obtained tax Kind 1095-A, Well being Insurance coverage Market® Assertion within the mail. You can also get this way in your on-line Market account, in case you have one. You want this way to “reconcile” — that means to search out out in case you used the correct amount of premium tax credit score through the 12 months — your federal revenue taxes for 2016. Listed below are 3 suggestions:

1. Be sure that 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 value silver plan (SLCSP) premium.”
  • If you must make corrections, contact the Market Name Middle. 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 discover ways to enter your data out of your 1095-A on Kind 8962.
  • Embody your accomplished Kind 8962 together with your 2016 federal tax return.
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