1095A taxes

[RcSchultz]

When I enter 1095A the tax liability changes dramatically.  Why

[JohnB5677]

This can happen.  The 1095-A is the Health Insurance Marketplace Statement.

• At Open Enrollment you guessed at what your income was going to be for the following year.
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• At year-end, when you file your tax return, you will know what your actual income was for that year. If you underestimated your income. This is why your Liability changes

• At Open Enrollment, you might have received too much premium tax credit during the year, in which case you might have to repay some or all of the excess amount. 

• If you overestimated your income at Open Enrollment, you might be owed additional tax credit, which you can take as a tax refund when you file