Published on April 12, 2018
Don’t miss the April 17, 2018, deadline to file 2017 taxes and report your health coverage! No matter how you got health coverage — whether through the Marketplace, your job, or another source — you must report your 2017 coverage status to the IRS when you file taxes.
If you had health coverage through the Marketplace, remember to have Form 1095-A ready when you file your taxes. This form provides important information about your coverage and any premium tax credits you may have received. Failing to include this form could delay your tax return or result in additional fees.
For those who received coverage through an employer or another source, you may receive Form 1095-B or 1095-C instead. While these forms are not required to be submitted with your return, they are essential for accurately reporting your coverage status. Additionally, understanding the iowa classification of llc tax may be relevant if you operate an LLC, as different classifications can impact how your business is taxed. Be sure to keep these documents for your records, as they verify your health coverage and can help avoid potential issues with the IRS.
