SharonD007
Employee Tax Expert

Deductions & credits

 

Unfortunately, there is nothing you can do about the amount due. The 1095-A is used to complete your Premium Tax Credit Form 8962 and reconcile your Premium Tax Credit. It appears that you may have taken more premium tax credit in advance than you were qualified for based on your income. If you do not input your 1095-A, it may cause your tax return to get rejected and may affect your future advance credit payments.

 

Please see the Questions Related to Form 1095-A on the IRS link, Health Insurance Marketplace Statement.

 

If you are unable to pay your balance due to the IRS, please review the TurboTax article Unable to Pay Your Tax Bill? Here’s What To Do.

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