The IRS has announced relief measures for certain taxpayers who were enrolled in the Marketplace in 2014.

Who do the relief measures apply to?
The relief applies to taxpayers who meet all four of the following conditions:

  • Enrolled in a Platinum, Gold, Silver or Bronze QHP through the Marketplace for part or all of 2014
  • Received an original 1095-A tax form from NY State of Health
  • Subsequently received a corrected 1095-A tax from NY State of Health
  • Filed a federal tax return based on the original 1095-A tax return, regardless of whether or not the consumer had already received the corrected 1095-A tax return.

What is the relief?
Taxpayers who meet the four conditions above will not need to amend their tax return with the corrected 1095-A tax form.  The IRS will not pursue the collection of any additional taxes from these individuals based on updated information in the corrected 1095-A tax forms.

If the relief measures apply to me and I already filed my tax return, could I benefit from amending my tax return?
If you met all four conditions listed above, you are not required to amend your federal income tax return. If you do not amend your federal income tax return, the IRS will not pursue the collection of any additional taxes from these individuals based on updated information in the corrected forms.

However, some taxpayers may benefit from filing an amended return.  Whether or not a taxpayer would get a refund or a larger refund, or have to pay less in taxes would depend on that household’s circumstances.  Revising the federal tax form 8962 that was filed with the federal tax return would indicate if it would be beneficial to amend a federal tax return.  Consumers who need assistance with this process should talk to their tax preparer or tax advisor.

The relief measures do NOT apply to:

  1. Consumers who received a 1095-A tax form in error from the Marketplace and had not actually enrolled in a Platinum, Gold, Silver or Bronze QHP through the Marketplace in 2014.  These consumers will be issued a Voided 1095-A from the Marketplace to indicate that their original 1095-A tax form has been voided. If these consumers filed their federal tax returns based on the original 1095-A form from the Marketplace, they will need to amend their return.
  • Consumers who were enrolled in a Platinum, Gold, Silver or Bronze QHP through the Marketplace in 2014, but have not yet received their 1095-A from the Marketplace. These consumers should wait for their 1095-A tax form, but should file their federal tax return by April 15.  If these consumers have already filed their federal tax return, they will be required to file an amended return once they receive their 1095-A tax form from the Marketplace.