1095-A Health Insurance Marketplace Statement and Form 8962 Premium Tax Credit

[weis2424]

I've been chatting on line trying to determine whether the calculations done for us so far included the 1095A and Form 8962. If not, how do we get this done?

[Cynthiad66]

You have to enter the form 1095-A into TurboTax

You should receive a 1095-A (by mid-February) if you purchased health insurance through Healthcare.gov or your state's health insurance marketplace. It should include info for everybody on your return who was enrolled in a Marketplace plan during the tax year.

Unlike the 1095-B and 1095-C, you need to enter this form. You won't be able to take the Premium Tax Credit without it.

Here's how to enter your 1095-A in TurboTax:

1. Open (continue) your return, if you don't already have it open
2. Search for 1095-A and select the Jump to link at the top of the search results
3. On the screen Before we ask about Form 1095-A, we need to ask about some other information, indicate whether you received or were approved to receive unemployment in 2021 and Continue
4. Answer Yes on the next screen, Did you receive Form 1095-A for your health insurance plan? and Continue
5. Enter your 1095-A info on the next screen and select Continue
   • We don't need all the info from your 1095-A, so we'll only ask about the info that affects your return

If you have Form 8962 and a 1095-A, and aren't sure what to do with them, here's some info on how to file them with your return.

@weis2424

[DoninGA]

You have to enter the Form 1095-A before the software will be able to calculate the Premium Tax Credit on Form 8962.

To enter 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

[weis2424]

Thank you. I'll followup as noted.

[weis2424]

Thank you.