Is the 1095-C no longer required?
Asked by: Dr. Amani Lindgren | Last update: May 29, 2025Score: 4.8/5 (18 votes)
Is a 1095-C still required?
Applicable Large Employers (ALEs) in California must furnish 1095-C forms to employees by Jan. 31, 2025 to comply with the state's individual mandate.
Are 1095 forms required for 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 didn't file my 1095-C?
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.
Is ACA reporting required for 2024?
Employers must report employee insurance information with the California Franchise Tax Board (FTB) once per year. Information should be submitted to the state using federal Forms 1094-C, 1095-C, and 1095-B.
What do I do if I have 1095-C and not 1095?
When did the ACA mandate end?
Congress eliminated the federal tax penalty for not having health insurance, effective January 1, 2019. While there is no longer a federal tax penalty for being uninsured, some states (CA, MA, NJ, and RI) and DC have enacted individual mandates and may apply a state tax penalty if you lack health coverage for the year.
Do I need to report 1095-C on my tax return?
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.
What is the penalty for not filing a 1095-C on time?
IRPs for 2021 1095-C Corrections
2021 IRP Amounts for each corrected 1095-C: $280: Failure to file a correct 1095-C with the IRS. $280: Failure to provide a correct 1095-C to the employee. Total: $560 per corrected 1095-C.
Do you need a 1095 anymore?
Don't worry about waiting, though. You don't need this form to file your tax return. The 1095-B will report which months everyone in your household had health insurance coverage. You usually don't need this info for your return, and you probably already know when you were covered and won't need to refer to a 1095-B.
Do I need to file 1095-C in California?
Employers that offer health coverage through an employer-sponsored, self-insured health plan must complete federal Form 1095-C, Parts I, II, and III, for any employee who enrolls in the health coverage, whether or not the employee is a full-time employee for any month of the calendar year.
How to file 1095-C electronically?
To apply for 1095-C electronic filing through the Affordable Care Act Information Returns (AIR), visit the Affordable Care Act (ACA) Services page on the IRS website. You'll need an active e-Services account to apply for 1095-C electronic filing.
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 don't I have a 1095-C?
You may also not receive a 1095-C if you were not the primary insured. For example, you should not receive a form if you were listed as a spouse or dependent under another family member's plan. Or, if you were not full-time but were enrolled in a fully-insured plan, you will not receive a 1095-C from your employer.
What are the deadlines for forms 1094 C and 1095-C in 2024?
For calendar year 2024, an Applicable Large Employer (ALE) must furnish Form 1095-C to eligible employees by March 3, 2025. The ACA deadline for filing paper Forms 1094-C and 1095-C with the IRS is February 28, 2025. The due date for electronic filing is March 31, 2025. These are expected due dates.
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.
What happens if I underestimate my income for Obamacare in 2024?
For the 2024 tax year, if you underestimated your income and received a larger tax credit than you were eligible for, you must repay the difference between the amount of premium tax credit you received and the amount you were eligible for.
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.
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.
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.
Who is responsible for filing 1095-C?
Employer A should file Form 1095-C for Employee reporting offers of coverage using the appropriate code on line 14 for January, February, and March; should complete lines 15 and 16 per the instructions; and should include Employee in the count of total employees and full-time employees reported for those months on Form ...
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 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).