Right here’s prepare for the 2019 tax submitting season

Printed on January 16, 2020

Consideration: 2019 tax submitting season has began. Right here’s what you are able to do now to prepare.

3 steps to prepare for 2019 tax submitting:

  1. Search for Kind 1095-A.

    • Should you or anybody in your family had a 2019 Market plan, you’ll get Kind 1095-A, Well being Insurance coverage Market® Assertion within the mail by early February. It comes from the Market, not the IRS.
    • It could even be accessible on-line in your HealthCare.gov account.
  2. Examine Kind 1095-A for accuracy.

    • You’ll use Kind 1095-A to “reconcile” your premium tax credit score should you used superior funds of the premium tax credit score to decrease your month-to-month premium cost, so it’s vital the data on it’s appropriate. Should you file with an incorrect model, you might must file an amended return later.
    • Verify issues like your protection and family info, month-to-month enrollment premium, and .
    • Should you discover errors, contact the Market Name Heart. We’ll ship you an up to date copy. Wait to file till you might have it.
  3. Use your appropriate 1095-A to “reconcile.”

    • Now that you’ve got an correct 1095-A and second lowest price Silver plan premium, you’re able to fill out Kind 8962, Premium Tax Credit score.
    • See this step-by-step information to reconciling for subsequent steps.