How health coverage affects your 2014 federal income tax return?

Your 2014 health coverage may affect your income taxes.

 

• You’ll provide additional information when you file your 2014 federal income tax return

• You may have to complete one or two new tax forms

• You may have to use one or two tax tools to find 2014 Bronze or Silver premiums to complete your tax return

• If you didn’t have 2014 health coverage, you may have to get a health coverage exemption or pay a fee with your tax return.

 

If anyone in your household enrolled in a health plan through the Health Insurance Marketplace in 2014:

 

• You should’ve received a Form 1095-A — Health Insurance Marketplace Statement to help file your 2014 federal income tax return.

• Learn more about Form 1095-A and your taxes, including what to do if you didn’t get your 1095-A or it had errors.

 

If you had health coverage from another source, like a job, Medicare, Medicaid, or a plan you bought outside the Marketplace:

 

• You’ll report this simply by checking a box on your 2014 federal income tax form

• You won’t have to fill out any additional tax forms

• You shouldn’t have received a Form 1095-A

 

If you didn’t have health coverage for 3 months or more in 2014, one of these will apply to you:

 

• You’ll qualify for a health coverage exemption.

• You’ll pay a fee when you file your 2014 federal income tax return.

 

Find your Form 1095-A

• Log in to Marketplace account

• Select your 2014 application (be sure you’re not choosing your 2015 coverage application)

• Select “Tax forms” from the menu on the left

• View or download each Form 1095-A

• All 1095-As are also available with your Marketplace messages