The time to file taxes is almost over. Here’s what to know

Published on April 6, 2023

How to “reconcile” on your tax return

  • You’ll use your Form 1095-A to “reconcile” your 2022 premium tax credits when you file your taxes if you or anyone in your household had Marketplace coverage at any point in 2022.
  • Any difference between the amount of premium tax credit you used in advance during the year and the premium tax credit you actually qualify for based on your final income will affect whether you owe money or get a refund.
  • If you used premium tax credits you’ll report the excess advance payment of the premium tax credit on your tax return or file Form 8962, Premium Tax Credit (PDF, 110 KB).

Questions? Free help is available

Source link

Daily Dose of Insights

Get a daily infusion of knowledge with our latest blog updates.

We don’t spam! Read our privacy policy for more info.


Please enter your comment!
Please enter your name here

Related articles

Experts highlight common waterborne illnesses, preventive tips for summer

Experts emphasize prevalent waterborne illnesses and offer preventive advice for the summer season.This article originally appeared on our sister...

Cowboy Queso Recipe | The Recipe Critic

This website may contain affiliate links and advertising so that we can provide recipes to you. Read...

My Food Rules To Help a Picky Eater

Over the years, I’ve gotten a lot of questions about how I get my kids to eat...

Addressing Suboptimal Treatment Response in HIV

A panel of experts on HIV discuss decision-making practices for patients who have suboptimal response to their...