Instructions For Form 1040 - U.s. Individual Income Tax Return - 2016 Page 4

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Affordable Care Act —
What You Need To Know
Requirement To Reconcile Advance Payments of the Premium Tax Credit
The premium tax credit helps pay premiums for health insurance purchased from the Marketplace. Eligible
individuals may have advance payments of the premium tax credit made on their behalf directly to the insurance
company.
If you or a family member enrolled in health insurance through the Marketplace and advance payments of the premium
tax credit were made to your insurance company to reduce your monthly premium payment, you must attach
Form 8962 to your return to reconcile (compare) the advance payments with your premium tax credit for the year.
The Marketplace is required to send Form 1095-A by January 31, 2018, listing the advance payments and other
information you need to complete Form 8962.
1. You will need Form 1095-A from the Marketplace.
2. Complete Form 8962 to claim the credit and to reconcile your advance credit payments.
3. Include Form 8962 with your 1040, 1040A, or 1040NR. (Don’t include Form 1095-A.)
Health Coverage Individual Responsibility Payment
For 2017, you must:
C
A
B
OR
OR
Report Health Care Coverage
Claim a Coverage Exemption
Make a Shared Responsibility Payment
Attach Form 8965 to claim an
Check the Full-year coverage
Make a shared responsibility payment
box on line 61 to indicate that
exemption from the requirement
if, for any month in 2017, you, your
you, your spouse (if filing jointly),
to have health care coverage.
spouse (if filing jointly), or anyone you
and anyone you can or do claim
For more information, go to
can or do claim as a dependent didn’t
as a dependent had qualifying
IRS.gov/Form8965.
have coverage and doesn’t qualify for
health care coverage throughout
a coverage exemption. For more
2017.
information, go to IRS.gov/SRP.
Health Coverage Reporting
• If you or someone in your family had health coverage in 2017, the provider of that coverage is required to send you
a Form 1095-A, 1095-B, or 1095-C (with Part III completed), that lists individuals in your family who were enrolled
in the coverage and shows their months of coverage. You may use this information to help complete line 61. You
should receive the Form 1095-A by early February 2018 and Form 1095-B or 1095-C by early March 2018, if
applicable. You don’t need to wait to receive your Form 1095-B or 1095-C to file your return. You may rely on other
information about your coverage to complete line 61. Don’t include Form 1095-A, Form 1095-B, or Form 1095-C
with your tax return.
• If you or someone in your family was an employee in 2017, the employer may be required to send you a Form
1095-C. Part II of Form 1095-C shows whether your employer offered you health insurance coverage and, if
so, information about the offer. You should receive Form 1095-C by early March 2018. This information may
be relevant if you purchased health insurance coverage for 2017 through the Health Insurance Marketplace
and wish to claim the premium tax credit on line 69. However, you don’t need to wait to receive this form to file
your return. You may rely on other information received from your employer. If you don’t wish to claim the
premium tax credit for 2017, you don’t need the information in Part II of Form 1095-C. For more information on
who is eligible for the premium tax credit, see the Instructions for Form 8962.
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