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Medical insurance and your taxes


Revealed on February 22, 2024

In the event you had Market protection at any level in 2023 and obtained the , right here’s what you could learn about submitting your federal taxes. 

Preserve your Kind 1095-A in a protected place 

This manner has essential details about the Market plans your family had in 2023. 

Verify that your Kind 1095-A is right 

  • Ensure your family and protection data, the “second lowest value Silver Plan” quantity, and the month-to-month premium are right. 
  • In the event you discover a mistake, contact the Market Name Heart. 

“Reconcile” along with your Kind 1095-A 

In the event you certified for or used the premium tax credit score to decrease your Market plan premium: 

  • Use the knowledge out of your Kind 1095-A to finish Half II of Kind 8962 (PDF, 110 KB). 
  • If there’s a distinction between the quantity of the premium tax credit score you used throughout the 12 months and the quantity you truly qualify for, it is going to influence your refund or the quantity of taxes you owe. 
  • You’ll embody Kind 8962 along with your federal tax return. Get particulars on the best way to reconcile.

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