Revealed on April 6, 2023
The way to “reconcile” in your tax return
- You’ll use your Type 1095-A to “reconcile” your 2022 premium tax credit if you file your taxes if you happen to or anybody in your family had Market protection at any level in 2022.
- Any distinction between the quantity of premium tax credit score you used upfront through the 12 months and the premium tax credit score you really qualify for based mostly in your remaining earnings will have an effect on whether or not you owe cash or get a refund.
- For those who used premium tax credit you’ll report the surplus advance fee of the premium tax credit score in your tax return or file Type 8962, Premium Tax Credit score (PDF, 110 KB).
