1095-A mistake (No SLCSP)
1095-A mistake (No SLCSP)
Hello,
Last year I got my 2014 health insurance through the marketplace. I chose Bronze and elected not to get the tax credit because I figured my salary would exceed the limit. As it turns out I didn't make much money in 2014 so I should qualify for a tax credit. However, when I enter my 1095A info into Turbo tax I don't get a tax credit (I can clearly see why this is when I look at form 8962)
Here is the problem: column B (cost of Second lowest Cost Silver Plan) of the 1095A is $0, however it should be $809/month using the number from the healthcare.gov. When I enter $809/month I get a whopping big tax credit. However, if I use $809/month it won't match my 1095A so I assume the IRS will eventually want the tax credit back + penalty.
I think the root of this issue is that I estimated too much income when I signed up for insurance. This disqualified me from a tax credit. But as I mentioned earlier, I made much less than my estimate.
I tried to get a corrected 1095A but the folks at Healthcare.gov said it was correct. I couldn't get a straight answer out of the folks at Healthcare.gov on whether or not I can enter this $809/month and receive my credit. Does anybody know?
As always, linked to official IRS documents appreciated.
Thanks,
rg
Last year I got my 2014 health insurance through the marketplace. I chose Bronze and elected not to get the tax credit because I figured my salary would exceed the limit. As it turns out I didn't make much money in 2014 so I should qualify for a tax credit. However, when I enter my 1095A info into Turbo tax I don't get a tax credit (I can clearly see why this is when I look at form 8962)
Here is the problem: column B (cost of Second lowest Cost Silver Plan) of the 1095A is $0, however it should be $809/month using the number from the healthcare.gov. When I enter $809/month I get a whopping big tax credit. However, if I use $809/month it won't match my 1095A so I assume the IRS will eventually want the tax credit back + penalty.
I think the root of this issue is that I estimated too much income when I signed up for insurance. This disqualified me from a tax credit. But as I mentioned earlier, I made much less than my estimate.
I tried to get a corrected 1095A but the folks at Healthcare.gov said it was correct. I couldn't get a straight answer out of the folks at Healthcare.gov on whether or not I can enter this $809/month and receive my credit. Does anybody know?
As always, linked to official IRS documents appreciated.
Thanks,
rg
Stay thrifty my friends.
Re: 1095-A mistake (No SLCSP)
I ran into this when doing my taxes as well. My understanding, from the information in Turbo Tax, is that data for column B (SLCSP) is present on your 1095-A when you have received an Advanced Premium Tax Credit (APTC). If you haven't received an APTC and believe you are eligible for a tax credit now you are supposed to enter the amounts in. You can find SLCSP information on your health care exchange.
Re: 1095-A mistake (No SLCSP)
Just so I understand, you are saying I should just enter the $809/month in Turbo Tax? How did you figure that out?furwut wrote:I ran into this when doing my taxes as well. My understanding, from the information in Turbo Tax, is that data for column B (SLCSP) is present on your 1095-A when you have received an Advanced Premium Tax Credit (APTC). If you haven't received an APTC and believe you are eligible for a tax credit now you are supposed to enter the amounts in. You can find SLCSP information on your health care exchange.
By the way, for the people going through this the SLCSP is at https://www.healthcare.gov/taxes/tools/silver/
Stay thrifty my friends.
Re: 1095-A mistake (No SLCSP)
That's what the Turbo Tax instructions told me to do when I clicked on the more info link for SLCSP. Initially I didn't enter this column of data as it was blank on the 1095-A I received from my exchange. During the Smart Check review in Turbo Tax it flagged this form for the blank entires under the SLCSP column. I think the instructions said I should either enter the actual SLCSP amount (obtained from the exchange) or I could enter zero.How did you figure that out?
In my case I didn't qualify for a tax credit anyway even though I went back and entered the actual SLCSP from the exchange.
Re: 1095-A mistake (No SLCSP)
Thanks, I will look there too. I found this on the Turbo Tax site: https://ttlc.intuit.com/questions/25963 ... his-amount#
I hate going solely on that. I guess I'd like to know if the IRS uses the info on the 1095A. I looked at the IRS site and they said don't even ask them about 1095A, call the marketplace instead. The tone suggested they didn't want nothing to do with that charlie-foxtrot
I hate going solely on that. I guess I'd like to know if the IRS uses the info on the 1095A. I looked at the IRS site and they said don't even ask them about 1095A, call the marketplace instead. The tone suggested they didn't want nothing to do with that charlie-foxtrot
Stay thrifty my friends.
Re: 1095-A mistake (No SLCSP)
I have to just laugh. Here is, what I think, is the pertinent instructions from the IRS in the link you provided.
The first sentence says put them in. The second sentence say not to. Got it!If no advance credit payments are made for the coverage, enter the premiums for the SLCSP that would apply to all individuals identified in Part II as covered for the month. Leave column B blank if no advance credit payments are made for the coverage and your state has provided a tool for determining the applicable SLCSP for the year of coverage at the time of filing the tax return.
Re: 1095-A mistake (No SLCSP)
Here's the Turbo Tax instruction that I saw. WE should note that this is a user not a Turbo Tax response!
Question:
Question:
Answer:how to determine price of SLCSP - I entered my 1095 A information exactly as it is shown on my form and ttax wants a value for SLCSP and I have no idea how to find that
I am stuck at smart check because there was no amount for monthly premium slcsp on my 1095-A How to continue?
https://ttlc.intuit.com/questions/27457 ... -find-thatGo to the following link to look up the SLCSP premium. If your state uses the federal Marketplace, the tool at this link will give you the SLCSP premium. If your state has it's own exchange, the tool will give you a link to the web site for your state after you enter your zip code.
https://www.healthcare.gov/taxes/tools/silver/
Re: 1095-A mistake (No SLCSP)
The answer at the link I posted was from a Turbo Tax employee that seemed to be part of the ACA team (which doesn't make it necessarily correct advice!).
Here is the question
Has anyone else uncovered any more information on this?
Here is the question
And the answerI've received my form 1095-A but column B (Monthly Premium Amount of Second Lowest Cost Silver Plan (SLCSP) has a zero amount in this. How do I figure this amount?
I am still very concerned about the implications of the data entered for the 1095A not matching the one they sent to the IRS.Hi - this is a great question because it can potentially save you some money. You do need to find the second lowest cost silver plan for your area. Late this past week, the Marketplace posted a tool to help you do that. You can access it here. https://www.healthcare.gov/taxes/tools/silver/ . Enter your information, you'll get the SLCSP data, and enter it in Column B of the 1095-A screen. We are updating TurboTax this coming Wednesday night with this information.
Has anyone else uncovered any more information on this?
Stay thrifty my friends.
- dodecahedron
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Re: 1095-A mistake (No SLCSP)
It is perfectly obvious to the IRS that if the column labelled "cost of SLCSP" is zero on your 1095-A, that can't possibly be right. There is no place in the country where the cost of the SLCSP is zero. The IRS is going to have to figure out a way to get the correct data for people in your situation. They are NOT going to ask the state exchanges to send people in your situation a new 1095-A with that column filled out. (For one thing, the exchange where you bought your policy may not know which SLCSP is relevant to you, because they don't have information about your income and therefore they don't know whether some of your family members might have qualified for Medicaid/Child HealthPlus or something similar.)RobG wrote:
I am still very concerned about the implications of the data entered for the 1095A not matching the one they sent to the IRS.
Has anyone else uncovered any more information on this?
My advice to you is to do what VITA volunteers have been told (by the IRS) to do: use the tool on HealthCare.gov or your state exchange (depending on where you bought your policy) to determine the correct amount for the SLCSP for your family size in your particular area. (Note that if you and your spouse purchased family coverage covering yourselves and your children but the children *could* have qualified for ChildHealthPlus/Medicaid on their own, then the relevant SCLSP is not the cost of a family plan but the cost of a plan covering the adults alone, so you have to be careful in determining the relevant family size when selecting the SCLSP from the tables.)
Then be prepared to wait (if you are expecting a refund). The National Taxpayer Advocate says that the IRS has been holding up returns with ACA subsidies since the beginning of filing season. It will eventually get things sorted out. The good news is that if it takes longer than 45 days past April 15 (or the date you filed your return, whichever is later), the IRS will pay you interest on your overdue refund. They are currently paying 3% interest.
Re: 1095-A mistake (No SLCSP)
Your 1095-A does not have a mistake. This is normal since you didn't take the tax credit. See here for evidence:
https://www.healthcare.gov/taxes/tools/
Click the link that says "See if you need to use this tool to find your second lowest cost Silver premium".
"You didn’t apply for financial assistance when you filled out your 2014 Marketplace application, and want to find out now if you qualify"
Don't stress about the 1095-A not matching what you enter on the 8962. This is expected in your case.
https://www.healthcare.gov/taxes/tools/
Click the link that says "See if you need to use this tool to find your second lowest cost Silver premium".
"You didn’t apply for financial assistance when you filled out your 2014 Marketplace application, and want to find out now if you qualify"
Don't stress about the 1095-A not matching what you enter on the 8962. This is expected in your case.
Re: 1095-A mistake (No SLCSP)
Thanks mlipps, I'm on board now. I was confused by the healthcare.gov page the first two dozen times I looked at it, but after working it out with you guys it is starting to make sense. They should be more specific in that you should enter the data obtained from that tool if the data in the 1095A is incorrect (even if the form is "correct").
I don't know why they put a zero in column B. The cost of the plan has nothing to do with my decision to not take advanced payments.
I don't know why they put a zero in column B. The cost of the plan has nothing to do with my decision to not take advanced payments.
Stay thrifty my friends.
Re: 1095-A mistake (No SLCSP)
My 1095-a said zero for slcsp I guess because I didn't take a subsidy (thinking I would get it at tax time like they promised, lol). I followed the advice in this thread (read it elsewhere too). I estimated slcsp from the healthcare.gov tool and used that number when completing my 8962 and 1040. It made my refund $2000 higher. Now I got a letter from the IRS that says my 1095-a doesn't match what I put on the 8962.
I called the marketplace. They are as stupid as ever. They said the SLCSP is supposed to be zero if you did not take a subsidy. I told them that is not what it says and that doesn't even fit the definition of SLCSP. They are claiming my 1095-a isn't one of the incorrect ones.
I'm not sure what to do now. I tried the healthcare.gov SLCSP tool again this time it gave me an even higher number I don't know why that would be but we did not make much and if I put zero for SLCSP on my tax return it gives me a zero subsidy - that can't be right.
I called the marketplace. They are as stupid as ever. They said the SLCSP is supposed to be zero if you did not take a subsidy. I told them that is not what it says and that doesn't even fit the definition of SLCSP. They are claiming my 1095-a isn't one of the incorrect ones.
I'm not sure what to do now. I tried the healthcare.gov SLCSP tool again this time it gave me an even higher number I don't know why that would be but we did not make much and if I put zero for SLCSP on my tax return it gives me a zero subsidy - that can't be right.
Re: 1095-A mistake (No SLCSP)
Yea, me too, sort of. They requested my 1095 before they would process my tax form. We'll see where that goes. Perhaps they won't give me the tax credit. Oh well, I had to pay full price in the old days when I made even less.
Stay thrifty my friends.
Re: 1095-A mistake (No SLCSP)
Thought I would let you know what I am trying, I don't know if I will get anywhere, but thought it might help you.
I called healthcare.gov AGAIN, this time the rep actually seemed to understand that if SLCSP is zero, it is not possible to get a subsidy. She SAID she is sending my 1095-a to an accelerated team with a description of the problem. She SAID I will get a call in 5-7 days with hopefully an amended 1095. I also spoke with the IRS. He said even if I don't get an amended 1095 I should fax the 1095 to the IRS with a letter describing the problem. He also said I should include a print out of the healthcare.gov tool that I used to calculate SLCSP and any other proof. If the processing department does not side with me, he said I should call the IRS again. I guess they can't look into the problem until the return processing is over. I'll let you know if I ever get that call from healthcare.gov
I called healthcare.gov AGAIN, this time the rep actually seemed to understand that if SLCSP is zero, it is not possible to get a subsidy. She SAID she is sending my 1095-a to an accelerated team with a description of the problem. She SAID I will get a call in 5-7 days with hopefully an amended 1095. I also spoke with the IRS. He said even if I don't get an amended 1095 I should fax the 1095 to the IRS with a letter describing the problem. He also said I should include a print out of the healthcare.gov tool that I used to calculate SLCSP and any other proof. If the processing department does not side with me, he said I should call the IRS again. I guess they can't look into the problem until the return processing is over. I'll let you know if I ever get that call from healthcare.gov
Re: 1095-A mistake (No SLCSP)
Thanks for letting us know what is happening. I'd be interested in knowing how this turns out.
Stay thrifty my friends.
- dodecahedron
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Re: 1095-A mistake (No SLCSP)
I got one of those letters from the IRS as well. I sent a copy of my 1095-A (which of course said 0 for the SLCSP) but I also sent a table that my state exchange had enclosed along with my 1095-A which showed the SLCSP in every county in my state (including mine) broken out by type of household (e.g., individual, couple, parent with child(ren), etc.) My state exchange had included a letter explaining that those of us with zeros in the SLCSP on our 1095-A should use the table to figure out our SLCSP.RobG wrote:Yea, me too, sort of. They requested my 1095 before they would process my tax form. We'll see where that goes. Perhaps they won't give me the tax credit. Oh well, I had to pay full price in the old days when I made even less.
The IRS letter said it would take 6 to 8 weeks to process. The good news is that once they go 45 days past April 15, they must pay 3% interest on delayed refunds. I can wait.
Re: 1095-A mistake (No SLCSP)
Yeah, with the 1095-A I also sent in a copy of the SLCSP analysis from the healthcare.gov website. I don't expect this to go smoothly.
Stay thrifty my friends.
- dodecahedron
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Re: 1095-A mistake (No SLCSP)
Well, it went smoothly and (relatively) quickly for me.
April 28: I responded to the IRS letter requesting documents by mailing my 1095-A and a copy of the table of SLCSP costs provided by my state exchange to the IRS "ICO rejects team" in Covington Kentucky, who are apparently charged with the responsibility of processing the returns kicked out by the system. On the SLSCP table, I helpfully highlighted the row with my county and the column with my household composition. As requested, I also enclosed a copy of the IRS letter to me.
May 23 (today): My expected refund is showing up as a direct deposit to my bank account.
I was pleasantly surprised by the speed. The letter had said to allow "6 to 8 weeks" for processing. This wound up being less than 4 weeks from when I mailed in the requested documents.
On the other hand, I don't know why it took them until April 24 to send me the letter requesting additional information. The IRS originally "accepted" my efile on March 2 (the same day I submitted it.) Obviously it was well before April 24 that they determined they would need additional information to process the return. My guess is that they were hoping to get and process that information as a batch electronic transmission directly from my state exchange for all taxpayers in my situation, and it was only after they determined that was not going to happen within any reasonable timeframe that they decided to send out letters to individual taxpayers requesting the information to be submitted for manual processing.
I believe the interest rate clock would have started running May 30, (i.e., if the IRS had not sent my refund by next Saturday, they would have been required to pay interest on the delayed refund from that point on) so that might have provided some incentive for speedy processing. The current interest rate on delayed refunds is 3%.
April 28: I responded to the IRS letter requesting documents by mailing my 1095-A and a copy of the table of SLCSP costs provided by my state exchange to the IRS "ICO rejects team" in Covington Kentucky, who are apparently charged with the responsibility of processing the returns kicked out by the system. On the SLSCP table, I helpfully highlighted the row with my county and the column with my household composition. As requested, I also enclosed a copy of the IRS letter to me.
May 23 (today): My expected refund is showing up as a direct deposit to my bank account.
I was pleasantly surprised by the speed. The letter had said to allow "6 to 8 weeks" for processing. This wound up being less than 4 weeks from when I mailed in the requested documents.
On the other hand, I don't know why it took them until April 24 to send me the letter requesting additional information. The IRS originally "accepted" my efile on March 2 (the same day I submitted it.) Obviously it was well before April 24 that they determined they would need additional information to process the return. My guess is that they were hoping to get and process that information as a batch electronic transmission directly from my state exchange for all taxpayers in my situation, and it was only after they determined that was not going to happen within any reasonable timeframe that they decided to send out letters to individual taxpayers requesting the information to be submitted for manual processing.
I believe the interest rate clock would have started running May 30, (i.e., if the IRS had not sent my refund by next Saturday, they would have been required to pay interest on the delayed refund from that point on) so that might have provided some incentive for speedy processing. The current interest rate on delayed refunds is 3%.
Re: 1095-A mistake (No SLCSP)
They haven't deposited mine yet, but your experience is encouraging.
Stay thrifty my friends.
Re: 1095-A mistake (No SLCSP)
Well, my refund showed up in my bank account today.
Stay thrifty my friends.
Re: 1095-A mistake (No SLCSP)
Ugh. I just figured out that I have been cheated by Healthcare.gov for the past two years, due to their failure to include the SLCSP on form 1095-A. I have been talking with "supervisors" at Healthcare.gov who don't seem to get the fact that I can't fill out the 8962 form properly without the SLCSP. I have amended my taxes and am sending them to the IRS, along with documentation re: the appropriate SLCSP.
I would love some stories about how this all was cleared up by the IRS and refunds received!
I would love some stories about how this all was cleared up by the IRS and refunds received!
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Re: 1095-A mistake (No SLCSP)
First time ACA user with same issue on 1095 A and H and R Block software. Will see how return goes with healthcare.gov tax tool number.
Re: 1095-A mistake (No SLCSP)
I just received my 1095-A for 2019 and this issue is still occurring after all this time. I'm wondering if anyone who filed in more recent years still had the trouble with the IRS claiming the form doesn't match what was filed, that the original posters experienced.
Re: 1095-A mistake (No SLCSP)
My point from above still stands--this is not a mistake, it is expected. I've been doing taxes for low income families at a VITA site since 2012 and we have seen this issue since the beginning of the ACA. Just use the healthcare.gov tax tool to retrieve the correct value & include it on your 8962.RLYL86 wrote: ↑Wed Jan 08, 2020 1:38 pm I just received my 1095-A for 2019 and this issue is still occurring after all this time. I'm wondering if anyone who filed in more recent years still had the trouble with the IRS claiming the form doesn't match what was filed, that the original posters experienced.
Re: 1095-A mistake (No SLCSP)
Thank you for the update. I phrased that a little unclearly. I was mostly just wondering if I'd have to do the back and forth letters with the IRS regarding the mismatch and have my refund delayed. Do you know if this has happened with the people you've been assisting?mlipps wrote: ↑Thu Jan 09, 2020 9:26 am My point from above still stands--this is not a mistake, it is expected. I've been doing taxes for low income families at a VITA site since 2012 and we have seen this issue since the beginning of the ACA. Just use the healthcare.gov tax tool to retrieve the correct value & include it on your 8962.
Re: 1095-A mistake (No SLCSP)
I have not heard of this happening. It's not a mismatch, it's an intended (albeit aggravating) set up so I wouldn't foresee any issues, but can't say for certain that that's the case.RLYL86 wrote: ↑Thu Jan 09, 2020 10:22 amThank you for the update. I phrased that a little unclearly. I was mostly just wondering if I'd have to do the back and forth letters with the IRS regarding the mismatch and have my refund delayed. Do you know if this has happened with the people you've been assisting?mlipps wrote: ↑Thu Jan 09, 2020 9:26 am My point from above still stands--this is not a mistake, it is expected. I've been doing taxes for low income families at a VITA site since 2012 and we have seen this issue since the beginning of the ACA. Just use the healthcare.gov tax tool to retrieve the correct value & include it on your 8962.
Re: 1095-A mistake (No SLCSP)
Thank you, it's very much appreciated! I will file with those figures in column b and report back if it doesn't go smoothly.
Re: 1095-A mistake (No SLCSP)
Since it is tax season I'll bump this back up. I planned on a good income year so I didn't take the premium tax credit (PTC). Therefore, column B on the 1095 was zeros. It turns out I made very little and was eligible for the PTC so I had to enter the SLCSP manually in turbo tax. If I hadn't I would have lost $12,000!
If in doubt make sure you check line 9 of schedule 3.
I guess the answer is to take the tax credit every year, but if you do that and deduct insurance from your income it does it incorrectly in the region above the brick wall until your income reaches the level where the full deduction is made. I guess check it with SLCSP = 0 and SLCSP = actual value and see which one gives the higher rebate, and make sure it is the correct value. I wish Turbo tax would do this for me!
If in doubt make sure you check line 9 of schedule 3.
I guess the answer is to take the tax credit every year, but if you do that and deduct insurance from your income it does it incorrectly in the region above the brick wall until your income reaches the level where the full deduction is made. I guess check it with SLCSP = 0 and SLCSP = actual value and see which one gives the higher rebate, and make sure it is the correct value. I wish Turbo tax would do this for me!
Stay thrifty my friends.
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Re: 1095-A mistake (No SLCSP)
If the advance premium tax credit is $0, the Marketplace automatically (and incorrectly) specifies $0 for the SLCSP premium on the 1095-A form. They have been doing it like that for years and many tax filers don't realize it and are owed money by the IRS without knowing it because they blindly copy the info from the 1095-A form into their tax software.
Meanwhile, manually correcting the SLCSP numbers increases the chance of a time-wasting audit and having to correspond back and forth with the IRS significantly.
The easiest way around this is to always estimate your income when applying for a Marketplace plan in a way that means you get at least a small premium tax credit so that the Marketplace issues a correct 1095-A form.
Meanwhile, manually correcting the SLCSP numbers increases the chance of a time-wasting audit and having to correspond back and forth with the IRS significantly.
The easiest way around this is to always estimate your income when applying for a Marketplace plan in a way that means you get at least a small premium tax credit so that the Marketplace issues a correct 1095-A form.
Re: 1095-A mistake (No SLCSP)
While the exchange doesn’t send the SLCSP figure to many taxpayers they do send it to the IRS. How do I know? 2 years ago after looking up the SLCSP on my exchange website instead of $xxx6.xx I entered $xxx8.xx in my taxes. Easy mistake to make for those of us with astigmatism and reading tiny print off a computer screen.
Being $2 off the IRS flagged my return and so began a 7 month correspondence with them to get everything straightened out.
Being $2 off the IRS flagged my return and so began a 7 month correspondence with them to get everything straightened out.
Re: 1095-A mistake (No SLCSP)
I am reviving this thread. I just received my 1095-A with zero shown in column B.
I plan to use the tax tool and put in the correct value for the second lowest silver plan. My understanding, from the Healthcare.gov site, is that the 2023 SLCSP numbers should be posted in late January.
Three more years have gone by. Did others correct their 1095 A using the correct SLCSP numbers (thereby correcting the zero values in column B) and have their tax return go through smoothly?
I plan to use the tax tool and put in the correct value for the second lowest silver plan. My understanding, from the Healthcare.gov site, is that the 2023 SLCSP numbers should be posted in late January.
Three more years have gone by. Did others correct their 1095 A using the correct SLCSP numbers (thereby correcting the zero values in column B) and have their tax return go through smoothly?
Re: 1095-A mistake (No SLCSP)
Yes, this is what I have previously done when 1095A had zeros. No issues (so far) with returns submitted.
"Better is the enemy of good." Good is good.
Re: 1095-A mistake (No SLCSP)
This is very good to here. I just started on an ACA plan and while I am not eligible for tax credits this year, we will be next year. I saw the "all zeros in column B form 1095A" and that surprised me. Next year, I also expect all zeros in our new state - Minnesota, since I am not taking the ADVANCE tax credits. The MNSure permium estimation tool does allow one to see the SLCSP value, but only shows it in dollars (no cents), so I hope that is actually correct, and I will call to verify sometime during 2024. At least, the IRS is not causing troubles. THANKS FOR UPDATING US!
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Re: 1095-A mistake (No SLCSP)
Since that's exactly what the IRS says to do in the instructions for Form 8962, it's not surprising that they are accepting those returns without issue.Hebell wrote: ↑Thu Jan 04, 2024 1:25 pmThis is very good to here. I just started on an ACA plan and while I am not eligible for tax credits this year, we will be next year. I saw the "all zeros in column B form 1095A" and that surprised me. Next year, I also expect all zeros in our new state - Minnesota, since I am not taking the ADVANCE tax credits. The MNSure permium estimation tool does allow one to see the SLCSP value, but only shows it in dollars (no cents), so I hope that is actually correct, and I will call to verify sometime during 2024. At least, the IRS is not causing troubles. THANKS FOR UPDATING US!
Re: 1095-A mistake (No SLCSP)
I'm the original author of this thread. The first time I simply entered the correct numbers and everything worked out. I did this again for 2019 tax year, but the IRS didn't process my return. After 5 months I found out I was required to fill out form 8962.
Stay thrifty my friends.
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Re: 1095-A mistake (No SLCSP)
Taxpayers are always required to complete Form 8962 if they receive a 1095-A.
Re: 1095-A mistake (No SLCSP)
Maybe it was an additional form I was missing. I just take the subsidy now so I get the SLCSP data filled in.secondcor521 wrote: ↑Fri Jan 05, 2024 10:13 amTaxpayers are always required to complete Form 8962 if they receive a 1095-A.
Stay thrifty my friends.
Re: 1095-A mistake (No SLCSP)
To add to this thread, I can tell you that Florida will give you the zeros in column B if you're not taking in advance tax credit. You will use the federal tax tool to find the correct value.
In contrast, Minnesota is not in the federal tax tool. However, I found a manual that Minnesota Mnsure publishes for assisters that says column B will have values for everyone, whether they use the advanced tax credits or not. They've been doing that since 2020.
Good news for me, since I moved to Minnesota this year. So I will have one year of filing with the Florida 1095-A where I have to look up the SLCSP value on the tax tool.
In contrast, Minnesota is not in the federal tax tool. However, I found a manual that Minnesota Mnsure publishes for assisters that says column B will have values for everyone, whether they use the advanced tax credits or not. They've been doing that since 2020.
Good news for me, since I moved to Minnesota this year. So I will have one year of filing with the Florida 1095-A where I have to look up the SLCSP value on the tax tool.
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Re: 1095-A mistake (No SLCSP)
I just discovered this thread and admittedly just skimmed through the old posts. But I have had problems on 1095-A in the past when I didn’t take any of the advance credit. My workaround has been to take a $1 credit each month, and pay the rest of the premium in full. This is enough to trigger a proper 1095-A form and I get a hefty refund in April.
I don’t love the idea of letting the government borrow that $$$ for a year or more, but I am just playing it safe in case I don’t actually qualify for the credit.
I don’t love the idea of letting the government borrow that $$$ for a year or more, but I am just playing it safe in case I don’t actually qualify for the credit.