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Get your taxes done using TurboTax
@shearl87 - This indicates that you or your dependents had insurance from the Market Place and will need to file form 1095A which will generate the form 8962. Here is how:
You should receive a 1095-A (by mid-February) if you purchased health insurance through Healthcare.gov or your state's health insurance marketplace. It should include info for everybody on your return who was enrolled in a Marketplace plan during the tax year.
Unlike the 1095-B and 1095-C, you need to enter this form. You won't be able to take the Premium Tax Credit without it.
Here's how to enter your 1095-A in TurboTax:
- Open (continue) your return, if you don't already have it open
- Search for 1095-A and select the Jump to link at the top of the search results
- On the screen Before we ask about Form 1095-A, we need to ask about some other information, indicate whether you received or were approved to receive unemployment in 2021 and Continue
- Answer Yes on the next screen, Did you receive Form 1095-A for your health insurance plan? and Continue
- Enter your 1095-A info on the next screen and select Continue
- We don't need all the info from your 1095-A, so we'll only ask about the info that affects your return
Form 8962 is used to calculate the amount of the Premium Tax Credit you should receive, or how much of this credit was overpaid to you if you took advance payments for it during the year. This credit is only available to people enrolled in qualified health plans through Healthcare.gov or a state Marketplace.
You have to complete and file Form 8962 if:
- You qualified for the Premium Tax Credit in 2021
- You or someone on your tax return received advance payments of the Premium Tax Credit
- Someone you told the Health Insurance Marketplace was a member of your family received advance payments of the Premium Tax Credit, even if you didn’t include this person on your tax return
You need to fill out Form 8962 with info from your Form 1095-A, so you’ll have to wait until you receive this form before you can file your taxes. Once you have Form 1095-A, enter the info in TurboTax, and we’ll take care of the rest.
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