The Health Care Law’s Effect on Your Tax Return
IF YOU… | THEN YOU… |
And everyone in your tax household had health coverage for the entire year | Will simply check the box on line 61 of Form 1040, line 38 of Form 1040-A, or line 11 of Form 1040-EZ |
Enrolled in health insurance through the Marketplace | Should receive a Form 1095-A Health Insurance Marketplace Statement from the Marketplace |
Received a Form 1095-A, Health Insurance Marketplace Statement, showing you received the benefit of advance payments of the premium tax credit in 2014 | Must file a tax return in 2015 and reconcile the advance payments with the amount of the premium tax credit allowed on your return. |
Need to reconcile the advance payments of the credit with the credit allowed | Make the calculations using IRS Form 8962 Premium Tax Credit (PTC) |
Must repay any excess advance payments of the premium tax credit | Must report the information on line 46 Form 1040 or line 29 of Form1040-A, and cannot file Form 1040-EZ |
Are claiming the premium tax credit and did not benefit from advance payments of the premium tax credit | Must file a tax return and IRS Form 8962, Premium Tax Credit (PTC) |
Did not receive a Form 1095-A, Healthcare Insurance Marketplace Statement,from the Marketplace | Should contact the state or federal Marketplace through which you enrolled |
Are claiming an exemption from the requirement to have health coverage for anyone on your tax return | Will complete Form 8965, Health Coverage Exemptions,and submit it with your tax return |
Still need to obtain a religious conscience exemption or a hardship exemption that can only be granted by the Marketplace | Should file an application with the Marketplace and follow the instructions below about how to report exemptions from the Marketplace on your tax return |
Obtained an exemption from the Marketplace, and received your unique Exemption Certificate Number | Will enter the Exemption Certificate Number in Part I of Form 8965, Health Coverage Exemptions, and submit the form with your return |
Applied for an exemption from the Marketplace, but do not currently have an Exemption Certificate Number | Will enter ‘PENDING’ in Part I of Form 8965 Health Coverage Exemptions, and submit the form with your return |
Are claiming an exemption that can be granted only from the IRS | Will not need an Exemption Certificate Number, but will complete Parts II and III of Form 8965, Health Coverage Exemptions, and submit the form with your return |
Are able to obtain the exemption from either the IRS or the Marketplace | Should obtain the exemption from the RS by completing Part II and III of Form 8965,Health Coverage Exemptions, and attach this form to your federal tax return when you file |
Are making a shared responsibility payment because you did not have health coverage or qualify for an exemption for any month in 2014 | Will enter the payment amount on line 61 of Form 1040, line 38 of Form 1040-A, or line 11 of Form 1040-EZ |

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