Health Insurance Form Required For 2018 Tax Return
If you had marketplace health insurance in 2018 check out these 3 tips.
Health insurance form required for 2018 tax return. New guidelines will require taxpayers to address their health insurance status when filing taxes in 2018. Report full year health coverage. The law continues to require taxpayers who do not qualify for an exemption to maintain health care coverage in 2018 or make a shared responsibility payment when they file their tax return. Ale members must report that information for all twelve months of the calendar year for each employee.
Keep an eye out for form 1095 a. Form 1095 b is used by providers of minimum essential health coverage to file returns reporting information for each individual for whom they provide coverage. Form 1095 c is filed and furnished to any employee of an applicable large employers ale member who is a full time employee for one or more months of the calendar. The internal revenue service won t process individual tax returns in 2018 unless taxpayers indicate whether they have health insurance coverage or an exemption.
Form 1095 a health insurance marketplace statement form 1095 b health coverage form 1095 c employer provided health insurance offer and coverage. You ll use information from your 1095 a to fill out form 8962 premium tax credit pdf. You must report information about your 2018 health coverage when you file. The information forms are.
Claim a coverage exemption. This is how you ll reconcile find out if there s any difference between the premium tax credit you used and the amount you qualify for. 2018 tax filing season starts january 29 2019. You ll use this form to reconcile to find out if you used more or less premium tax credit than you qualify for.
2018 tax forms require filers to indicate coverage. Report and make a shared responsibility payment for everyone on the tax return. Form 8962 premium tax credit if you had marketplace insurance and used premium tax credits to lower your monthly payment you must file this health insurance tax form with your federal income tax return.