HomeInsuranceThe time to file taxes is almost over. Here’s what to know

The time to file taxes is almost over. Here’s what to know

[ad_1]

Published on April 6, 2023

How to “reconcile” on your tax return

  • You’ll use your Form 1095-A to “reconcile” your 2022 premium tax credits when you file your taxes if you or anyone in your household had Marketplace coverage at any point in 2022.
  • Any difference between the amount of premium tax credit you used in advance during the year and the premium tax credit you actually qualify for based on your final income will affect whether you owe money or get a refund.
  • If you used premium tax credits you’ll report the excess advance payment of the premium tax credit on your tax return or file Form 8962, Premium Tax Credit (PDF, 110 KB).

Questions? Free help is available

[ad_2]

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Recent Comments