This article provides an overview of how to add and complete Form 1095-A.
About Form 1095-A
The Health Insurance Marketplaces issue Form 1095-A to the IRS and to individuals who were enrolled in a qualified health plan through a Health Insurance Marketplace.
Form 1095-A allows individuals to take the Premium Tax Credit (PTC), reconcile advance payments of the PTC, and file their tax returns accurately.
Taxpayers who enroll in a Health Insurance Marketplace plan agree to file a tax return if receiving advance PTC, regardless of income, in order to reconcile their Premium Tax Credit.
Failure to claim Form 1095-A when an individual on the return is enrolled in a Health Insurance Marketplace plan, will result in the return being rejected, or a letter being issued after filing indicating that the 1095-A must be included on the tax return.
Form 1095-A will be mailed to the taxpayers address on file with the Marketplace. Form 1095-A is also available in the taxpayers online Marketplace account.
Taxpayers who have questions about the amounts on their Form 1095-A should contact their individual Marketplace.
Adding Form 1095-A
Form 1095-A is not added from the Add Form button.
Indicate the taxpayer or someone claimed on the return had Marketplace Insurance by placing an “X” in the “Marketplace" Health Insurance section of the Client Data Page.
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Refresh. The ACA Prem TC- Premium Tax Cr Worksheet should now be on the return. Navigate to the ACA Prem TC- Premium Tax Cr Worksheet.
Place an “X” in the applicable box or boxes in Part 1, line 1. You must have at least one entry here, but could have multiple if sharing a policy with another tax family.
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Enter the Marketplace assigned policy number.
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Place an “X” in Part 2, line 3 and enter monthly premium amounts in columns A, B, and C EXACTLY as they appear on the 1095-A statement. If column B is missing, use the link to the IRS tool in the program to calculate column b.
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IF the taxpayer has multiple policies, access the multiple policies worksheet and repeat steps 4 and 5 until all 1095-A information has been entered.
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Complete Part 3 if there are dependent(s) on the return that are filing their own return.
Complete Part 4 if the taxpayer is sharing the Marketplace policy with another tax family. See Shared Policy Allocation 1095-A.
Complete Part 5 if the taxpayers got married in the tax year and they meet the criteria for the Alternative Marriage Calculation (listed in Part 5 of the ACA Questionnaire).
After completing the ACA Prem TC- Premium Tax Cr Worksheet you can view any additional tax owed, for the advanced PTC (Line 29) or any Net PTC (Line 26) on Form 8962.
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