Federal Tax Filing Deadline is on Tuesday, April 18

Health Insurance Marketplace® sent this bulletin at 04/05/2023 11:30 AM EDT

agents and brokers - selling in the healthcare dot gov marketplace

Federal Tax Filing Deadline is on Tuesday, April 18

The deadline for all taxpayers to file and pay their federal income taxes is April 18, 2023. As the tax filing deadline approaches, some of your clients may reach out with specific questions regarding their Marketplace coverage and how it affects their taxes. You should also remind your clients that they must file their taxes and “reconcile” their 2022 premium tax credits (PTC).

You should remind your clients:

If they received advance payments of the premium tax credit (APTC) for 2022, they’ll have to file Form 8962 as part of the reconciliation process.
If consumers were enrolled in a qualified health plan without APTC for 2022, they can file Form 8962 to see if they qualify for PTC.
They may need to file an amended return if they already filed their 2022 taxes and didn’t reconcile APTC.

For detailed information regarding 2022 health coverage and federal taxes, check out the HealthCare.gov consumer tax guide. The HealthCare.gov Health Coverage Tax Tool is also a useful resource for helping consumers complete tax questions regarding their PTC. You may also refer to the Premium Tax Credits and Form 1095-A FAQs for Agents and Brokers to help you find answers to your top questions while assisting consumers during tax season.

As a reminder, you may not assist clients with filing taxes (unless you are a licensed tax professional). However, you may:

Help them understand what a Form 1095-A is and what it means as they prepare their taxes.
Show them how to access their Form 1095-A in their online accounts – or if you are using an approved EDE partner’s website, you can download a copy of your client’s tax forms and provide these to them directly.
Ensure they are aware of the potential implications of not providing the information found in their Form 1095-A to reconcile any APTC they received for the applicable plan year when filing their federal income tax return.
And more!

For more details on tax deadlines in individual states, your clients should contact their state tax agency.

Have questions? Contact the Agent/Broker Email Help Desk at FFMProducer-AssisterHelpDesk@cms.hhs.gov.

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