Form 1095-A is used to report information about Marketplace health insurance and is essential for reconciling the Premium Tax Credit when filing taxes. Follow these simple steps to correctly enter a 1095-A using your tax software.
Step-by-Step Instructions
Click on “Health Insurance”
Start by navigating to the Health Insurance section in the tax software.
Confirm 1095-A Form
When prompted, select “Yes” if the client has provided a Form 1095-A.
Confirm Household Members
Review the household screen and make sure all individuals listed on the 1095-A are included. Then click “Continue.”
Policy Allocation
If you're not allocating the policy or premium to another taxpayer, choose “None of the above.”
Answer Coverage Questions
You’ll be asked questions about coverage for each individual listed. Answer both questions accurately.
Annual Amounts (if applicable)
If you answered “Yes”, the software will prompt you to enter the annual amounts from the 1095-A.
Monthly Amounts (if applicable)
If you answered “No”, you’ll be required to enter the values month-by-month, ensuring the amounts match the correct columns on the 1095-A form.
Click on “Continue”
After entering the necessary data, click “Continue” to proceed.
Household Income Questions
You may be asked to confirm household income. This is crucial since the Premium Tax Credit is based on income. Enter any dependent’s AGI for the year if applicable, or any other required income details.
Final Step
Once all information has been reviewed and entered correctly, click “Continue” to complete the process.
Need Visual Guidance?
For an interactive walkthrough, view the demo here:
👉 Step-by-step visual tutorial