I want to use standard deduction with my 1095A form

Forum|Forum|1 year ago
January 27, 2025
4 replies
46 views

I want to use the standard deduction with my 1095A. Last year my online filing made me use itemizing and it was less than the standard deduction. I want to use the standard deduction if I can.

Not A Product Question

DoninGA

Level 15

Entering a Form 1095-A has nothing to do with a Standard Deduction.

The total of all your itemized deductions on Schedule A must be greater than the standard deduction for your filing status to have any tax benefit.

To enter, edit or delete your Form 1095-A -

Click on Federal Taxes (Personal using Home and Business)
Click on Deductions and Credits
Click on I'll choose what I work on (if shown)
Scroll down to Medical
On Affordable Care Act (Form 1095-A), click the start or update button

Or enter 1095-a in the Search box located in the upper right of the program screen. Click on Jump to 1095-a

lorihouseAuthor

Level 2

What I am saying is, I do not want to do itemizing. If I could just use short form with the standard deduction and be able to include my 1095-A form, meaning I may have to pay some back depending on my income.

xmasbaby0

Level 15

The has not been a "short form" since 2017. Everyone files on a Form1040. You do not have to itemize deductions if you do not want to. Itemizing or using standard deduction has nothing to do with entering your 1095A. If you have a 1095A for having marketplace health insurance you are required to file a Form 1040 and enter it.

To enter your 1095A go to Federal>Deductions and Credits> Medical>Affordable Care Act (Form 1095A)

TO FIND A 1095-A

How to find your 1095-A online

Log in to your account.
Under "Your Existing Applications," select your 2024 application — not your 2025 application.
Select “Tax Forms."
Download all 1095-As.

Get screen-by-screen directions, with pictures (PDF, 504 KB).

If you had health insurance from the marketplace, when you applied for the insurance, you gave healthcare.gov an estimate of how much income you would receive in 2024. They used that amount to calculate how much of the insurance premium would be covered by the tax credit and how much would be your amount to pay. So...you had some monthly amounts to pay, and the rest of the cost of having that insurance was paid by the government program.

If you ended up making a higher income than you told them you would receive, they re-calculate how much should have been paid by the program and how much should have been paid by you. And if your own share of the cost should have been more, they get it back on your income tax return.

If you actually had less income, you could even get some of the share you paid back on your tax return.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**