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If you purchased health insurance through Healthcare.gov or your state's health insurance marketplace, you should receive your 1095-A by mid-February.
Your 1095-A should include info for everybody on your return who was enrolled in a Marketplace plan, and is required to calculate the Premium Tax Credit.
Here's how to enter your 1095-A in TurboTax:
If you have Form 8962 and a 1095-A, and aren't sure what to do with them, go here for info on how to file them with your return.
Insurance companies participating in health care exchanges should provide you with the 1095-A form, a health insurance marketplace statement. This form includes:
You use this information to complete your income tax filing, adjust any tax credit payments and claim any premium tax credits that may be due.
Do I have to pay taxes on form 1095a line C tax credit?
You may have to pay back some of the premium tax credit reported on your form 1095-A.
The tax credit reported on form 1095-A is the discount you get on your health insurance premiums. It is calculated based on your income reported on your tax return from the previous year.
When you complete your return for the current year and enter your form 1095-A, the credit you are entitled to will be calculated and the difference between what you received as a credit and the amount you were entitled to will either be added or subtracted from your tax on your current year tax return.
So, you may have to pay some of it back, or you may get some of it paid back to you.
My form includes my Mom and my sister and my brother. Both my sister and I are not dependents of my Mom in 2021 so do we just dive the numbers by 4. Ie 25% to see if we get more credit or have to pay back the credit . If it is not that easy..ie divide by 4. What do I do and how do I report it?
You can allocate the percentages any way that is agreed on by all of the family members.
Here is a TurboTax Help article with links for the situation that you have. The information from the 1095-A will be entered on each tax return using the information on the form.
How do I file my 1095 a
@Prentiss Loggins wrote:
How do I file my 1095 a
To enter, edit or delete your Form 1095-A -
Or enter 1095-a in the Search box located in the upper right of the program screen. Click on Jump to 1095-a
I am using Turbotax Premier, the Windows application, and there is no search function. I can't find any reference to form 1095-A Health Insurance Marketplace Statement anywhere. How do I enter this information in the Premier app?
You have to be all the way inside your return before you search. You can also get to the entry spot by going to Deductions and Credits and scrolling down to Medical. @pfg23
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