Marketplace Coverage

Online

Dashboard

1. From within your TaxAct return, click Deductions & Credits. 
   • On smaller devices, click the menu at the top left corner of your screen, then make your selection.
2. Click the Medical drop-down.
3. Click Add beside Affordable Care Act. 
4. Complete the rest of the interview process. 
5. Once complete, click File and go through the steps to resubmit your return.

Classic

1. From within your TaxAct return, click Federal. 
   • On smaller devices, click the menu at the top left corner of your screen, then make your selection.
2. Click Health Insurance (Form 1095).
3. Complete the rest of the interview process. 
4. Once complete, click Filing and go through the steps to resubmit your return.

Desktop

1. From within your TaxAct return, click Federal. 
2. Click Health Insurance (Form 1095).
3. Complete the rest of the interview process. 
4. Once complete, click Filing and go through the steps to resubmit your return.

No Marketplace Coverage – Form 8962 not required

You may be eligible to submit an ACA Explanation Statement if:

• You did not have Marketplace coverage
• The Marketplace confirms no enrollment existed
• A corrected or voided Form 1095-A was issued
• The Marketplace confirms a Form 1095-A will not be issued

Before proceeding, you should verify that no member of the tax household received Marketplace coverage, and that no Advance Premium Tax Credit was paid to a Marketplace plan.

If an ACA Explanation statement is required, you must create a PDF document explaining: 

• Why you believe Form 8962 is not required
• Why Form 1095-A is not available
• Any information provided by the Marketplace

To attach an ACA Explanation Statement:

TaxAct Online

Dashboard

1. From within your TaxAct return, click Resources.
   • On smaller devices, click the menu at the top left corner of your screen, then make your selection.
2. Under My Return, click Federal Search.
3. Click the Miscellaneous Topics drop-down, then click the Additional Information for E-Filing drop-down, then click ACA Explanation.
4. Complete the ACA Explanation Section
5. On the page titled, E-Filing – ACA Explanation, Check Form 8962 is not required to be attached to this return.
6. Proceed to the Filing section after completing the ACA Explanation entry.
7. You will be prompted to use the Attachment Manager to attach the ACA Explanation Statement.
8. Choose Attach Documents.
9. Click Add.
10. Select the appropriate PDF file.
11. Click Finish.

Classic

1. From within your TaxAct return, click Federal. 
   • On smaller devices, click the menu at the top left corner of your screen, then make your selection.
2. Click the Miscellaneous Topics drop-down, then click the Additional Information for E-Filing drop-down, then click ACA Explanation.
3. Complete the ACA Explanation Section
4. On the page titled, E-Filing – ACA Explanation, Check Form 8962 is not required to be attached to this return.
5. Proceed to the Filing section after completing the ACA Explanation entry.
6. You will be prompted to use the Attachment Manager to attach the ACA Explanation Statement.
7. Choose Attach Documents.
8. Click Add.
9. Select the appropriate PDF file.
10. Click Finish.

Desktop

1. From within your TaxAct return, click Federal. 
2. Click the Miscellaneous Topics drop-down, then click the Additional Information for E-Filing drop-down, then click ACA Explanation.
3. Complete the ACA Explanation Section
4. On the page titled, E-Filing – ACA Explanation, Check Form 8962 is not required to be attached to this return.
5. Proceed to the Filing section after completing the ACA Explanation entry.
6. You will be prompted to use the Attachment Manager to attach the ACA Explanation Statement.
7. Choose Attach Documents.
8. Click Add.
9. Select the appropriate PDF file.
10. Click Finish.

Related Links

• About Form 8962, Premium Tax Credit
• Professional Editions – Rule Number F8962-070