How important is a 1095-C?
Asked by: Darion Cartwright | Last update: July 25, 2025Score: 4.7/5 (39 votes)
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.
Will adding a 1095-C affect my taxes?
Should I attach Form 1095-A, 1095-B or 1095-C to my tax return? No. Although you may use the information on the forms to help complete your tax return, these forms should not be attached to your return or sent to the IRS. The issuers of the forms are required to send the information to the IRS separately.
Is a 1095-C form mandatory?
Sending out 1095-C forms became mandatory starting with the 2015 tax year. Employers send the forms not only to their eligible employees but also to the IRS. Employees are supposed to receive them by the end of January—so forms for 2024 would be sent in January 2025.
Does a 1095-C make me get a 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.
What is Form 1095-C?
Does a 1095-C mean I owe money?
Much like the Form W-2 is used to determine whether or not you owe taxes, the IRS will use the information reported from your Form 1095-C to determine whether you (or your employer) may have to pay a fine for failing to comply with the Affordable Care Act.
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.
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.
Why did I receive a 1095-C?
Why did I get a Form 1095-C? If you worked an average of 30 or more hours per week in the tax year (or maintained ACA qualifying status for any portion of the tax year) for an employer with 50 or more full-time equivalent employees, you should receive a 1095-C.
Why do I owe taxes for 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).
Will a 1095 lower my 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.
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.
Does a 1095-C replace a W2?
If a Form 1095-C is issued to you for 2021, it will be enclosed with your W2 statement and mailed together in the same envelope. You will need Form 1095-C along with your W2 statement in order to complete your 2021 tax return filing, therefore please do not discard the form.
What is the penalty for not filing a 1095c?
Penalties for Not Filing Forms 1094/1095-C
As of 2022, the fee is $280 for each unfiled or incorrect form. These penalties can be applied twice to the same return. For example, if you don't provide your employee with a 1095-C and you fail to provide the IRS with a copy, you will incur a total penalty of $560.
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.
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.
Do you need to report 1095-C?
An employer that offers health coverage through a self-insured health plan must report information about each individual enrolled in such coverage. This information must be reported on federal Form 1095-C, Part III, for any employee who is enrolled in coverage (and any spouse or dependent of that employee).
What do I do if I didn't get a 1095-C?
You should contact your department's personnel office to assist in requesting a duplicate form 1095-C statement from the State Controller's Office.
How do I get a copy of my 1095-C?
If the employee was issued a 1095-C, request a duplicate from ACA Online Support at (916) 322-3770 or by email at acasupport@sco.ca.gov. Include the employee's full name and the last four digits of their Social Security Number in the request.
What if I have a 1095a and 1095-C?
Yes, you could receive multiple forms if your healthcare coverage changed throughout the year. For example, if you were enrolled in a Marketplace health plan for part of the year and later received employer-provided coverage, you might get both Form 1095-A and Form 1095-C.
What happens if I don't have a 1095-A TurboTax?
If you don't have a Form 1095-A and know you won't be receiving one, you can certify this in TurboTax Online/Mobile in order to refile your return: Go to the Did you receive Form 1095-A for your health insurance plan? screen. You'll be asked if you received a 1095-A. Select No.
How does the premium tax credit affect my tax return?
Claiming a net PTC will lower the amount of tax you owe or increase your refund to the extent it is more than the amount of tax you owe. See the Coronavirus tax relief section on this page for information specific to tax year 2020.
What is the highest income to qualify for ACA?
In 2025, you'll typically be eligible for ACA subsidies if you earn between $15,060 and $60,240 as a single person. A family of four is eligible with a household income between $31,200 and $124,800.
What happens if I overestimate my income for marketplace insurance?
If you overestimate your income and end up claiming less help than you are entitled to, the difference will be refunded to you when you file your income taxes the following year.