You may have to repay some of your advance tax credits if your household income turns out to be more than estimated. TurboTax will automatically generate Form 8962 when you enter your 1095-A. It is entered in the federal medical interview. You should receive a Form 1095-A by mid-February if you purchased health insurance through Healthcare.gov or your state's health insurance marketplace. You need to enter the information from 1095-A into TurboTax, as you won't be able to file Form 8962 and accurately report the Premium Tax Credit without it.
For more information, see What is the Premium Tax Credit (PTC) and What is Tax Form 8962?
Here's how to enter your 1095-A in TurboTax:
- Open or continue your return
- Select Search and enter 1095-a
- Select Jump to 1095-a
- Answer Yes and enter your 1095-A info on the next screen
- We don't need all the info from your 1095-A. We'll only ask about the info that affects your return.
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