I filed my 1095-A form from last year on my 2022 tax return…. the irs accepted it will this effect my return
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Form 1095-A provides you with information about your healthcare insurance, the premiums (the amount you pay for it), any advanced premium tax credit (APTC) that was paid during the year to your health plan in to reduce your monthly premium, and the individuals covered. The information from your 1095-A is entered into TurboTax to calculate your Premium Tax Credit. The effect of your 1095-A is on your tax return for the year that your reported it. If you had a credit leftover, it would have reduced your tax liability. If the amount paid to your insurer was more than your credit, you would have to pay back the difference and it is added to the total tax you owe for the year.
For more information, please see the TurboTax articles What is Form 1095-A: Health Insurance Marketplace Statement? and What is the Premium Tax Credit (PTC) and What is Tax Form 8962?
i still don’t understand i’m sorry lol ; it was accepted my the irs but i used the same 1095-A as last year , nothing has changed
It would be very unusual for the 2021 form 1095-A and the 2022 form 1095-A to be identical so if you used the 2021 form on a 2022 return then you will have to wait for the IRS to process the return ... even though it was accepted for processing they may or may not catch the error. If they do not catch the error then you can amend the return after the original return has been fully processed and you have the original refund in hand.
Yes, if the numbers on the 2022 Form 1095-A are different than 2021, it will impact your Premium Tax Credit. The IRS reviews these and verifies with the Marketplace to be sure they match, so it is likely they will catch any discrepancies and request additional information at the mailing address listed on your return. In this case, you can reply to their letter and will not have to file an amendment.
If they do not flag the return for additional information and complete processing, you can file an amendment in TurboTax to correct the form and the tax credit.
If you do receive a letter, this TurboTax Help Article explains the steps to respond.
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