Video instructions and help with filling out and completing Fill Form 1094 B Credits

Instructions and Help about Fill Form 1094 B Credits

Music many New Yorkers received help paying for their health plan through the New York state of health in fact nearly 75% of people who enrolled in a health plan through the marketplace were eligible for financial assistance to lower their monthly premium costs if you or someone in your household purchased a platinum gold silver or bronze plan through the marketplace and received advanced premium tax credits during the year you need to report these credits on your federal income tax return to help you do this New York state of Health will mail you an important tax document called form 1095-a you can also access your form in your secure inbox in your New York state of health account form 1095-a contains information about the qualified health plans you and members of your household were enrolled in the months you were enrolled and the amount of advance premium tax credit everyone in your household used to lower their monthly premium during the year the amount of advanced premium tax credit was based on your estimated income at the time you applied for coverage through New York state of health this estimate may be different than your actual income when you file your federal tax return you will use the information on your form 1095-a to complete form 89-62 which will tell you if you need to adjust the amount of tax credits upward or downward even if you did not apply for or did not use tax credits to lower your premium during the year you may still be eligible to claim a tax credit on your federal tax return form 1095-a includes the information you will need to claim this credit if you have questions about the information contained in form 1095-a visit the New York state of health website or call New York state of health if you need help completing form 89 62 or have other questions about tax filing consult your tax preparer or visit the IRS website you