How health coverage affects your 2014 federal income tax return

original article can be found here: www.healthcare.gov/taxes/

Your 2014 health coverage may affect your income taxes.

  • You’ll provide additional information when you file your 2014 federal income tax return
  • You may have to complete one or two new tax forms
  • You may have to use one or two tax tools to find 2014 Bronze or Silver premiums to complete your tax return
  • If you didn’t have 2014 health coverage, you may have to get a health coverage exemption or pay a fee with your tax return.

If you had 2014 health coverage through the Health Insurance Marketplace

If anyone in your household enrolled in a health plan through the Health Insurance Marketplace in 2014:

  • You’ll get a new Form 1095-A — Health Insurance Marketplace Statement.
  • You’ll need Form 1095-A to file your 2014 federal income tax return. Learn more about Form 1095-A and your taxes, including what to do if you didn’t get your 1095-A.

If you had 2014 health coverage from another source

If you had health coverage from another source, like a job, Medicare, Medicaid, or a plan you bought outside the Marketplace:

  • You’ll report this simply by checking a box on your federal income tax form
  • You won’t have to fill out any additional tax forms
  • You won’t get a Form 1095-A

Learn more about your taxes if you had 2014 health coverage from another source.

If you didn’t have 2014 health coverage

If you didn’t have health coverage for 3 months or more in 2014, one of the following will apply to you:

  • You’ll qualify for a health coverage exemption.
  • You’ll pay a fee when you file your 2014 federal income tax return.

Learn more about exemptions and fees if you didn’t have health coverage in 2014.

Watch this video for 3 tips about Marketplace coverage and your taxes.

Get forms and guides for health care taxes

Tax forms you may need:

More information:

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