When is the deadline for filing Form 1095-B?

The deadline for filing Form 1095-B varies depending on the method you choose. The IRS allows both paper filing and e-filing. 1095-B Form must be submitted by February 28th each year when filing by paper. If you choose to e-file, the deadline is March 31st. Additionally, you should issue the recipient copies by March 3rd.

Form 1095-B/C State Filing Deadlines for 2024 Tax Year

In addition to the 1095-B E-filing, certain states require employers to submit health coverage information to the State Department before the stipulated deadline. The states that have enacted individual mandates, along with their respective deadlines, are enumerated below:

TaxBandits allows you to file your ACA Form 1095-b electronically with the IRS and relevant states before the deadline.

What are the penalties associated with 1095-B for the 2024 Tax Year?

You could face penalties if you provide minimum essential coverage (MEC) and don’t meet the IRS filing requirements for Form 1095-B. Here’s what you need to know:

• Penalties for Late or Incorrect Filing: You will be charged $330 per form if you don’t file correctly or on time.
• Penalties for Ignoring Filing Rules: If you intentionally fail to file or provide copies to recipients, the penalty jumps to $660 per form.

How do you avoid late filing penalties?

To prevent unnecessary penalties, follow these key steps:

• Double-check that all details on Form 1095-B are correct.
• Submit Form 1095-B before the deadline to stay compliant.
• Furnish recipient copies by the due date.
• Furnish recipient copies by the due date.
• If you can’t file on time, apply for an extension to avoid penalties.

Click here to learn more about 1095-B Penalties.

How do you request an extension for filing or furnishing Form 1095-B?

If you need additional time to file or provide Form 1095-B, you can request an extension by submitting the relevant form:

• Form 8809 grants a 30-day extension to file Form 1095-B with the IRS if approved.
• Form 15397 Offers a 30-day extension to provide employee copies of Form 1095-B.

Be sure to submit your request before the original deadline to avoid penalties.

E-File Form 1095-B with TaxBandits

TaxBandits is an IRS-authorized e-file service provider for Form 1095-B filing, offering a faster, more efficient way to file compared to paper submission. With our service, your tax returns are transmitted to the IRS within minutes after auditing, ensuring timely delivery—even if you’re filing at the last minute.

Follow the simple steps below to quickly and confidently file your Form 1095-B:

• Step 1: Create a free TaxBandits account or log in if you have one already
• Step 2: Choose Form 1095-B from the dashboard
• Step 3: Enter the Form 1095-B Information
• Step 4: Review the information and make necessary changes if required
• Step 5: Transmit to the IRS and State Agency