Which statement about Form 1095-A is correct?

Which statement about Form 1095-A is correct?

• A. It is mailed to taxpayers around January or February and is available in their online Marketplace account.
• B. It is not used for tax filing.
• C. It is mailed only to taxpayers who did not receive APTC.
• D. It is mailed in December.

Answer: (A)

Form 1095-A is the Marketplace statement you use when filing your taxes to reconcile the Premium Tax Credit. It shows the monthly premium amounts for your Marketplace plan and the amount of the premium tax credit that was paid on your behalf each month, along with information needed to determine the actual credit you’re eligible for on your tax return. This form is typically mailed to taxpayers around January or February for the prior tax year, and it’s also available in the online Marketplace account. This timing and online access are why that option is the best choice. It is indeed used for tax filing because you’ll use the information on this form to complete Form 8962 and reconcile any advance payments of the credit with the credit you’re entitled to claim. The other statements aren’t accurate: the form is used for tax filing, not not used for filing; it isn’t mailed only to those who didn’t receive APTC, and it isn’t mailed in December.

Form 1095-A is the Marketplace statement you use when filing your taxes to reconcile the Premium Tax Credit. It shows the monthly premium amounts for your Marketplace plan and the amount of the premium tax credit that was paid on your behalf each month, along with information needed to determine the actual credit you’re eligible for on your tax return.

This form is typically mailed to taxpayers around January or February for the prior tax year, and it’s also available in the online Marketplace account. This timing and online access are why that option is the best choice.

It is indeed used for tax filing because you’ll use the information on this form to complete Form 8962 and reconcile any advance payments of the credit with the credit you’re entitled to claim. The other statements aren’t accurate: the form is used for tax filing, not not used for filing; it isn’t mailed only to those who didn’t receive APTC, and it isn’t mailed in December.