Need Help with Tax Preparation?

Tax Day is coming on Wednesday, April 15, 2020. With the coronavirus (COVID-19) outbreak, the tax filing date remains April 15.  For those who are required to make a payment, however, you will still need to file by April 15, but, for most Americans, the payment will be extended for 90 days

Need help with tax preparation? If your household makes less than $66,000 a year, you are eligible for free tax preparation and filing assistance from the Opportunity Council. To learn more, visit the Whatcom Asset Building Coalition website.

By now, you have probably received either Form 1095-A, 1095-B, or 1095-C in the mail. You may have received one, two, or all three of these forms, depending on your health insurance coverage in 2019.

Form 1095-A, also known as the “Health Insurance Marketplace Statement,” is sent to everyone who had a Qualified Health Plan in 2019. It is mailed out by Washington Health Plan Finder. You can find an electronic copy on your Washington Health Plan Finder account dashboard. Use this form to fill out IRS Form 8962, Premium Tax Credit, which needs to be included in your federal income tax return when you file. This information determines if you received the right amount of tax credits to help you pay your plan’s premium.

Form 1095-B shows proof of health insurance coverage for 2019. If you had Washington Apple Health insurance coverage last year, you will receive this form. This form may also be mailed out by your private health insurance company or your employer. Form 1095-B is not needed to file your federal tax return, but it is important to keep for your records.

Form 1095-C is called the “Employer-Provided Health Insurance Offer and Coverage.” This form will be mailed out by your employer to show proof of coverage in 2019. Form 1095-C is not needed to file your federal tax return, but is important to keep for your records.