Can I ignore 1095-C?

Asked by: Ulices Cronin PhD  |  Last update: March 25, 2025
Score: 4.2/5 (38 votes)

Some taxpayers may not receive a Form 1095-B or Form 1095-C by the time they are ready to file their tax return. While the information on these forms may assist in preparing a return, they are not required. Individual taxpayers should not wait for these forms and file their returns as they normally would.

What happens if I don't report my 1095-C?

Employers who fail to meet filing or furnishing deadlines or report incorrect information on an informational return may be subject to IRS penalties. For forms due in 2025, failure to file an informational return such as the 1095-C can result in a penalty of $330 per form, capped at $3,987,000.

Can I file my taxes without a 1095-C?

Yes, Forms 1095-B and 1095-C are not required to be included with your annual tax filing.

Is there a penalty for not filing 1095-C?

Failure to File Penalty

In 2024, the IRS may assess a penalty of $310 per return to organizations that submit 1095-C forms late, and after Aug. 1, 2024. If the employer neglects their filing obligations altogether, the penalty increases to $630, per return.

What happens if I don't put my 1095 on my taxes?

Form 1095-B is not required to file your state or federal taxes and you may self‑attest to your health coverage without it. You should get a Form 1095-B in the mail by January 31 following the reported tax year.

What do I do if I have 1095-C and not 1095?

38 related questions found

How can I avoid paying back my premium tax credit?

Report any changes in your income during the year to the Marketplace, so your credit can be adjusted and you can avoid any significant repayments at the end of the year.

How do I avoid 1095 penalty?

If you want to avoid the California insurance penalty, you must enroll in a qualified health plan or qualify for an exemption.
  1. Enroll in a Qualified Health Plan. Qualified health plans meet specific standards and MEC requirements. ...
  2. Have a Valid Exemption. You may be exempt from paying a tax penalty in a few circumstances.

Does a 1095-C affect my refund?

No, the 1095-C form just proves that you had health coverage. It would not affect your refund as long as you answered the Health Insurance questions accurately. You don't need your form 1095-C to file your tax return. TurboTax will ask you questions about your health coverage but your form 1095-C isn't needed.

Can I throw away 1095-C?

You will use Form 1095-C to verify that your employer coverage was unaffordable for you. You will not attach Form 1095-A or 1095-C to your return, but you should keep these forms with your tax records.

Is 1095-C optional?

Yes, a Form 1095-C must be filed for (and furnished to) every full-time employee, including a full-time employee who has coverage under TRICARE or a VA health program.

Do I need to enter 1095-C on TurboTax?

No. Forms 1095-B and 1095-C are for your records only, as the IRS doesn't need any details from them. We'll ask a few questions about your health care coverage after you finish entering your deductions and credits in TurboTax.

What to do with 1095-C when filing taxes?

Individuals do not need a copy of their 1095-B or 1095-C when filing tax returns. However, you should keep the form with your tax records.

Does the IRS still require proof of health insurance?

Health care coverage documents

You are not required to send the IRS information forms or other proof of health care coverage when filing your tax return. However, it's a good idea to keep these records on hand. This documentation includes: Form 1095 information forms.

Do I need my 1095-C to file taxes in 2024?

For calendar year 2024, Forms 1094-C and 1095-C are required to be filed by February 28, 2025, or March 31, 2025, if filing electronically.

Does 1095-C get reported?

Every employee of a large employer who was eligible for health coverage the previous year should receive a Form 1095-C by mail or electronically by mid-March, even if you declined to sign up for your health plan at work. Information on this form will also be reported to the IRS.

Does 1095 affect tax return?

Yes. In some cases, the information on the corrected Form 1095-A may be in your favor – it may decrease the amount of taxes you owe or increase your refund. Taxpayers have the option of filing an amended return if they choose.

What is the penalty for not filing 1095-C?

$280: Failure to provide a correct 1095-C to the employee.

What if I forgot to add 1095-C to my tax return?

While you will not need to attach your 1095-C to your tax return or send it to the IRS, you may use information from your 1095-C to help complete your tax return.

What happens if 1095-C is wrong?

If correcting information on a Form 1095-C that was previously filed with the IRS, file a fully completed Form 1095-C including the correct information and enter an “X” in the “CORRECTED” checkbox. File a Form 1094-C (do not mark the “CORRECTED” checkbox on Form 1094-C) with corrected Form(s) 1095-C.

Does a 1095-C mean I owe money?

What is Form 1095-C? A1: The IRS will use the information provided on Form 1095-C to administer the Employer Shared Responsibility provisions of the Affordable Care Act (“ACA”). Under the ACA, WHOI must offer health insurance coverage to certain eligible employees or they could be required to pay a penalty to the IRS.

Do I need to amend my tax return for 1095-C?

You do not need to attach the form to your tax filing. 3. Retain your Form 1095-C for your records. If you have already filed your tax return, confirm the information you reported on your taxes regarding your health coverage matches the information provided on the form.

Why do I owe taxes because of health insurance?

Owe taxes if you used more of the premium tax credit than you qualified for in 2024. You'll have to report the excess amount on your 2024 tax return by filing Form 8962, Premium Tax Credit (PDF, 115 KB). Find instructions for Form 8962 (PDF, 348 KB).

Do I need to save 1095-C?

No, you do not need to send a copy of your Form 1095-B or Form 1095-C to the IRS when filing you tax return, but you should keep the applicable Form with your other tax records.

What happens if you don't file your 1099?

The IRS may charge penalties and interest beginning from the date they think you owe the tax. There are times when leaving a 1099 off of your tax return doesn't change it. And sometimes including a missing 1099 can actually reduce the tax that you owe.

Will the IRS penalize for no health insurance?

In 2023, you are no longer required to pay a federal tax penalty for remaining uninsured. However, that may not apply to you if you live in a specific state. For those in California, you are still required to have health insurance and could be subject to a fee should you remain uninsured.