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Covered California Premium Tax Credits and “Tax Reconciliation”

You may be one of the more than 1.2 million people who buy health insurance from Covered California with the help of premium tax credits. When it is time to file your tax returns, the federal government needs to know if you got the right amount of premium tax credits. This fact sheet explains how the IRS will figure out if you got the right amount of premium tax credits and what you need to do to be sure the process goes smoothly.