On July 12, 2024, the IRS released the draft ACA Forms 1095-B and 1095-C for the upcoming 2024 tax year. There are no major changes for the year.
Although there are no significant changes, it’s still important to review and become familiar with the forms before the tax year begins.
Draft ACA Forms 1095-B and 1095-C
These draft forms are a sneak preview of the forms and provide filers with an idea of what changes, if any, to expect for the new tax filing season. You can review the draft forms here:
The finalized instructions for both form types were released in August 2024. These also show no changes for the year.
Although the draft forms and instructions show no changes, it’s still a good idea to review the forms and instructions prior to the tax season starting.
Please note: These are draft forms and should not be used for filing purposes.
What are Forms 1095-B and 1095-C?
Form 1095-B
Form 1095-B is an information return that is typically filed by health insurance providers and small employers that offer self-funded coverage. For ACA purposes, an employer is considered a small employer if they have fewer than 50 full-time and full-time equivalent employees.
This forms provides both the recipient and the IRS with information regarding the health insurance that covered individuals were enrolled in.
Form 1095-C
Form 1095-C is an information return that is typically filed by Applicable Large Employers (ALEs). An ALE is an employer that has at least 50 full-time and full-time equivalent employees.
This form provides both the recipient and the IRS with information regarding the health insurance offers that were made to each full-time employee. If the employer offered self-funded coverage, it will also show information about covered individuals that were enrolled in the offered plan.
When are the deadlines for Forms 1095-B and 1095-C?
The IRS filing season 2025 deadlines for tax year 2024 are as follows:
| 2025 ACA Deadlines | Date |
|---|---|
| Paper File Deadline | February 28, 2025 |
| Recipient Copy / Furnishing Deadline | March 3, 2025 |
| E-file Deadline | March 31, 2025 |
Be sure to stay on top of all of the deadlines throughout the year! Check them out here:
BoomTax, The Boom Post, and its affiliates do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors prior to engaging in any transaction.
About Author
