The chart from the Internal Revenue Service (IRS) below explains how the Affordable Care Act (ACA) affects your tax return and what you will need to do when filing.
|IF YOU…||THEN YOU…|
|And everyone in your tax household had health coverage for the entire year||Will simply check the box on your individual income tax return on the line labeled – Health care individual responsibility – to indicate full year coverage|
|Enrolled in health insurance through the Health Connector||Should receive a Form 1095-A Health Insurance Marketplace Statement from the Health Connector|
|Received a Form 1095-A, Health Insurance Marketplace Statement, showing you received the benefit of advance payments of the premium tax credit||Must file a tax return and reconcile the advance payments with the amount of the premium tax credit allowed on your return|
|Need to reconcile the advance payments of the credit with the credit allowed||Make the calculations using IRS Form 8962 Premium Tax Credit (PTC) and file it with your income tax return|
|Must repay any excess advance payments of the premium tax credit||Must report the information on Form 1040 or Form 1040-A on the line labelled – Excess advance premium tax credit repayment – you cannot file Form 1040-EZ|
|Are claiming the premium tax credit and did not benefit from advance payments of the premium tax credit||Must file a tax return and IRS Form 8962, Premium Tax Credit (PTC) and claim the credit on the line labelled – Net premium tax credit|
|Did not receive a Form 1095-A, Healthcare Insurance Marketplace Statement, from the Health Connector||Should contact the Health Connector Customer Service|
|Are claiming an exemption from the requirement to have health coverage for anyone on your tax return||Will complete Form 8965, Health Coverage Exemptions, and submit it with your tax return|
|Still need to obtain a religious conscience exemption or a hardship exemption that can only be granted by the Marketplace||Should file an application with the Marketplace and follow the instructions below about how to report exemptions from the Marketplace on your tax return|
|Obtained an exemption from the Marketplace, and received your unique Exemption Certificate Number||Will enter the Exemption Certificate Number in Part I of Form 8965, Health Coverage Exemptions, and submit the form with your return|
|Applied for an exemption from the Marketplace, but do not currently have an Exemption Certificate Number||Will enter ‘PENDING’ in Part I of Form 8965 Health Coverage Exemptions, and submit the form with your return|
|Are claiming an exemption that can be granted only from the IRS||Will not need an Exemption Certificate Number, but will complete Parts II and III of Form 8965, Health Coverage Exemptions, and submit the form with your return|
|Are able to obtain the exemption from either the IRS or the Marketplace||Should obtain the exemption from the IRS by completing Part II and III of Form 8965, Health Coverage Exemptions, and attach this form to your federal tax return when you file|
|Are making a shared responsibility payment because you did not have health coverage or qualify for an exemption for any month in 2018||Will enter the payment amount on Form 1040 or Form 1040-A or Form 1040-EZ on the line labelled – Health care individual responsibility|
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