Intuit Academy Tax Practice Exam

Form 1095-A provides essential information regarding health insurance coverage obtained through the Health Insurance Marketplace. It is specifically designed for individuals who enrolled in a health plan through the Marketplace and serves to document the health coverage they received during the year.

The form includes important details such as the number of individuals in the coverage, the types of coverage provided, and how much the premium was for the coverage. This information is crucial for taxpayers when filing their federal tax returns, as it helps them determine their eligibility for premium tax credits and to accurately complete their tax forms regarding healthcare.

This understanding of health insurance coverage is fundamental for effective tax planning, especially for those who may qualify for benefits under the Affordable Care Act. In contrast, the other options pertain to unrelated areas such as education expenses, personal earnings, or tax credits, which do not fall under the scope of Form 1095-A.