When the filing status changes or circumstances change, it is important to immediately notify them of the life change so that the Premium Tax Credit will be calculated properly.
***However, there has been a change in the tax law with the American Rescue Plan that may excuse you from any penalty.
For now, there is nothing to do but wait because the IRS has not yet released guidance. Therefore, the software cannot yet be updated.
For the most recent updates, the IRS advises taxpayers keep checking: IRS Coronavirus Tax Relief.***
Without getting an exception, then the Premium Tax Credit will be calculated as if you were married the whole year and had a different level of income throughout the year. See: What is the Premium Tax Credit (Related to health insurance?
To do this, return to healthcare.gov or a state Marketplace, wherever you signed up for this coverage.
For more information, see:
2020 Form 8962 Instructions
Premium Tax Credit: Claiming the Credit and Reconciling Advance Credit Payments: Reporting Changes i...
Also, the first $10,200 of your unemployment compensation will not be taxed. Your unemployment will be reported on Line 7 of Schedule 1 in full. Then, the new legislation March 11, 2021 allows for a subtraction of that income to be reported on Line 8 of Schedule 1 up to $10,200.
To see whether your state will tax the unemployment compensation, see: How is my state taxing unemployment income?
[Edited 04/03/2021 | 10:59 AM PST]
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