When you apply every year for your insurance, you estimate what your income will be and what you pay for the insurance is based on the estimate. When you file your return and you include your Form 1095-A, you reconcile the amounts that you paid with what you should have paid based on your actual income. If you paid more during the year then you get a credit and if you paid less then you get an additional tax.
To make sure that the information is correct, contact the marketplace to make sure that column C is $0. Also review your entries on your return. To go back to this section:
- Open or continue your return.
- Navigate to the 1095-A section:
- TurboTax Online/Mobile: Go to 1095-A.
- TurboTax Desktop: Search for 1095-a, then select the Jump to link.
