This form is absolutely required for taxpayers who received advance payments of the Premium Tax Credit (APTC) to help pay for health insurance coverage during the year.Download Intuit TurboTax Deluxe 2019 for Mac full version program setup free. If you bought health insurance through one of the Health Care Exchanges, also known as Marketplaces, you should receive a Form 1095-A which provides information about your insurance policy, your premiums (the cost you pay for insurance), any advance payment of premium tax credit and the people in your household covered … Why do we need 1095?įorm 1095-A is sent by state and federal marketplaces to anyone who had marketplace coverage for the year. If you use TaxAct to prepare your return, the program asks you questions and completes Form 8962 for you if required. Form 8962 should be filed as part of your tax return for 2020. While Form 1095-A is not filed with your tax return, the information is needed to complete Form 8962, Premium Tax Credit. If your form didn’t come by mail or you can’t find it, check your online Marketplace account. If you can’t find your 1095-A, check online. If you received a different 1095 form, such as one from employer benefits, you do not need to enter anything on your return. Only the 1095-A needs to be entered on your return from insurance purchased through the marketplace.
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