MinhT1
Employee Tax Expert

Deductions & credits

On your form 1095-A, it is frequent that the Marketplace will fill in a 0 in column B for any moth where you do not have a premium credit in column C.

 

This is wrong as an incorrect Second lowest cost silver plan will lead to an incorrect calculation of your premium tax credit.

 

It is normal that your refund increases when when you fill in the SLCSP numbers given by the Tax tool.

 

The SLCSP premium is incorrect if:

 

  • Part III, Column B has a “0” or is blank for any month someone in your household had the Marketplace plan
  • You had changes in your household that you didn’t tell the Marketplace about — like having a baby, moving, getting married or divorced, or losing a dependent

 

If either applies to you, you’ll use the government's tax tool to get the premium for your second lowest cost Silver plan. Failure to do this will result in a wrong calculation of the premium tax credit.

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