How to Avoid Rejection Notices in Tax Season

🔍Rejection notices related to the 1095-A form are a common issue during tax season.

💡The 1095-A form is a statement from the health insurance marketplace showing who was covered in your family, the premiums paid, and the advanced premium tax credit included in each monthly payment.

💰The advanced premium tax credit is a federal tax credit that helps cover your health insurance premium expenses.

📄To reconcile your advanced premium tax credit at the end of the year, you need to include the form 8962 with your tax return.

⚠️Filing your tax return without the form 8962 will lead to immediate rejection, and you will need to resubmit your return with the correct form.

What is the purpose of the 1095-A form?

—The 1095-A form provides information about your health insurance coverage, premiums paid, and the advanced premium tax credit you received.

Why is it important to include the form 8962 when filing my tax return?

—Including the form 8962 allows you to reconcile your advanced premium tax credit, determining whether you received too much or too little during the year.

What happens if I file my tax return without the form 8962?

—If you file your tax return without the form 8962, it will be immediately rejected. You will need to resubmit your return with the correct form.

Can I file my tax return without the 1095-A form?

—It is best to include the 1095-A form when filing your tax return to ensure accuracy and avoid any potential rejection notices.

What should I do if I received a rejection notice related to the 1095-A form?

—If you received a rejection notice, you can reprocess your tax return with the correct form or resolve any underlying issues. If needed, you can also print and mail your return.

00:16During tax season, rejection notices related to the 1095-A form are becoming more common.

00:36The 1095-A form is a statement from the health insurance marketplace that provides information about covered individuals, premiums, and the advanced premium tax credit.

00:59The advanced premium tax credit is a federal tax credit that helps cover health insurance premiums. It is provided in advance each month.

01:41Including the form 8962 when filing your tax return allows you to reconcile the advanced premium tax credit at the end of the year.

02:42Filing your tax return without the form 8962 will result in immediate rejection and the need to resubmit the correct form.