Originally scheduled for January 31, 2021, the deadline for employers to provide employees with a copy of their 1095-C or 1095-B reporting form has been extended to March 2, 2021. The notice also provides relief from section penalties for certain aspects of the 2020 information-reporting requirements as an act of "good-faith efforts".
Employers that prefer to distribute the forms alongside the W-2 tax forms by January 31 are still welcome to do so as originally planned. The IRS has announced it will not grant an additional extension beyond this deadline for distributing forms, and encouraged employers to send the forms to employees as soon as possible.
DOES YOUR STATE HAVE AN ACA INDIVIDUAL MANDATE?
⬅️ CLICK A STATE TO VIEW ITS LAW!
As of January 2020, a total of six states hold mandates requiring residents to have qualifying health insurance coverage, an exemption, or pay a penalty when they file their State Tax Return. Individuals who do not have coverage (or an exemption) face a fee when filing their state taxes.