Your family* may have received multiple Forms 1095-A Health Insurance Marketplace Statements.
However, there are only certain instances in which the combined
amounts from Column B of those forms should be transferred to the Monthly Calculation section (Lines 12-23) of the Form 8962 Premium Tax Credit (PTC)
. Form 1095-A, Columns A and C will always be combined when transferred to Form 8962, Columns A and F, respectively.
Column B amount should NOT be combined on Form 8962More than one Marketplace policy in the same state:
If individuals in your family were enrolled in more than one health plan (in the same state and the plans did not change during the year), a Form 1095-A will be issued for each plan. The Marketplace will enter the same Second-Lowest Cost Silver Plan (SLCSP) premium that applies to all members of your coverage family on each Form 1095-A. Therefore, Column B amounts should not be combined. For example, the taxpayer had a self-only Marketplace plan and the spouse had a family plan. The taxpayer and spouse would each receive their own Form 1095-A, but the Column B amount should be the same on both forms. Do NOT select Yes in Step #6 below as this would incorrectly combine the Column B amounts from both forms on the Form 8962.
Column B amount SHOULD be combined on Form 8962Taxpayer and spouse got married during the tax year:
If you got married during the tax year, and you and your spouse (or the individuals in you and your spouse's tax families) were enrolled in separate Marketplace health plans prior to the first full month of marriage, you will want to select Yes in Step #6 below as this would correctly combine Column B amounts from all Forms 1095-A when transferred to the Form 8962.Individuals enrolled in Marketplace health plans in different states:
If individuals in your family were enrolled in Marketplace health plans in different states during the tax year, because the SLCSP is different in each state, you will want to select Yes in Step #6 below as this would correctly combine the amounts from all Forms 1095-A when transferred to the Form 8962.Changed health plans during the tax year:
If any individuals in your family changed health plans during the tax year, you will want to select Yes in Step #6 below as this would correctly combine the amounts from all Forms 1095-A when transferred to the Form 8962. In this instance, each Form 1095-A should only have information listed for the months applicable to the time you were covered under each plan. For example, if you changed plans on March 1st, your first Form 1095-A will have information for January and February, and your second Form 1095-A will have information for March through December.
If your return contains information from multiple Forms 1095-A Health Insurance Marketplace Statements
you need the combined amounts to be transferred to the Monthly Calculation
section under Part 2 of Form 8962 Premium Tax Credit (PTC)
, follow these steps.
- From within your TaxAct® return (Online or Desktop), click on the Federal tab. On smaller devices, click the menu icon in the upper left-hand corner, then select Federal
- Click Health Insurance to expand the category and then click Premium tax credit
- Continue to the screen titled Health Insurance - PTC - Form 1095-A
- For those Forms 1095-A where you need the amounts to transfer in total to the Monthly Calculation section under Part 2 of Federal Form 8962 Premium Tax Credit (PTC), click Review to review each form already created (Note: you would NOT need to review the very first form listed as the amounts from that form will automatically be transferred)
- Continue to the screen titled Health Insurance - PTC - Multiple 1095-As
- Click the Yes bullet if you need the totals from this form to transfer
- Continue until you again reach the screen titled Health Insurance - PTC - Form 1095-A
- Review the next form or, when you have completed your reviews, click Continue and you will be taken to the screen titled Health Insurance - PTC - Summary screen to view the summary of your premium tax credit
*Tax family versus Coverage family:
Your tax family includes the individuals for whom you can claim exemptions on your tax return (Form 1040/1040A, Line 6d or Form 1040NR, Line 7d). Your coverage family includes the individuals covered under your health plan.