If you had a health plan last year and used advanced payments of the premium tax credit (APTC) to lower your monthly payment, you'll have to "reconcile" when you file your federal taxes. This means you'll compare 2 figures:
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The amount of premium tax credit you used in advance during the year.
-
The premium tax credit you actually qualify for based on your final income for the year.
Any difference between the two figures will affect your refund or tax owed.
- You should get your Form 1095-A in the mail by mid-February. It may be available in your account as soon as mid-January.
- If you don't get it, or it's incorrect, contact Nevada Health Link at 1-800-547-2927 (TTY: 711).
Follow these steps to reconcile:
-
Get your Form 1095-A from Nevada Health Link
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Print Form 8962 (PDF) and instructions (PDF).
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Use the information from your 1095-A form to complete Part II of Form 8962, using the table below as a guide.
| What information do I need from my 1095-A? | Where do I find it on my 1095-A? | Where do I enter it on Form 8962? |
|---|---|---|
|
Enrollment Premiums |
Part III: Column A |
Part II: Column a |
|
Second lowest cost Silver plan (SLCSP) premium |
Part III: Column B |
Part II: Column b |
|
Advance payment of premium tax credit |
Part III: Column C |
Part II: Column f |
-
Complete all sections of IRS Form 8962. On Line 26, you'll find out if you used more or less premium tax credit than you qualify for based on your final income. This will affect the amount of your refund or tax due.
-
Include your completed IRS Form 8962 with your federal tax return.