Last Day to File Taxes for 2016


Obamacare-refund-versus-repayment-tax-credits

April 18th, 2016 is the last day to file taxes for 2016 (for the ACA and otherwise). We have an exhaustive page of tax advice here, but here are a few tips.

NOTE: Typically taxes are due on the 15th, but for 2016 it has been extended to the 18th. The IRS explains why here. In short, the 15th is a legal holiday (Emancipation Day) and “Section 7503 of the Code provides that, when April 15 falls on a Saturday, Sunday, or legal holiday, a return is considered timely filed if it is filed on the next succeeding day that is not a Saturday, Sunday, or legal holiday.”

  • If you got marketplace tax credits, you must file form 8962 (unless you are exempt from filing).
  • For 8965, if you don’t have an ECN yet, put PENDING as the code.
  • If you don’t have a 1095-A consider filing an extension.
  • If you don’t think the refund or repayment is right, double check 8962 and make sure you didn’t miss something.
  • There are lots of details to get right, so do check the link above for the tome of tax information related to the ACA.
  • When in doubt the IRS or a tax professional is a good bet, but remember, this is last minute so the lines are busy.

Author: Thomas DeMichele

Thomas DeMichele is the head writer and founder of ObamaCareFacts.com, FactsOnMedicare.com, and other websites. He has been in the health insurance and healthcare information field since 2012. ObamaCareFacts.com is a...

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