Form 1095-C Filing Deadlines for 2023
A Complete Solution to File IRS Form 1095-C with TaxBandits
- Overview of Form 1095-C
- Step-by-Step Instructions
- How to File 1095-C Electronically
Form 1095-C Filing Deadline for 2023 Tax Year
Updated on February 05, 2024 - 10:30 AM by Admin, TaxBandits
Nearing the end of the 2023 tax year, it's time for the employers to be aware of the ACA reporting requirements and its deadlines for 2024.
Under section 6056, every year the applicable large employers must file Form 1095-C with the IRS and furnish the copies to the employees before the deadline to avoid late filing penalties.
As a result, the IRS uses Form 1095-C to gather information from the employers about health coverage information offered to the employees.
The following topics are covered in this article:
1. When is the Deadline for filing Form 1095-C for 2024 Tax Year?
Every year, the IRS extends the reporting 1095-C deadlines for 2024 tax year (especially the employee copy distribution deadline) for 1095-C form.
Form 1095-C Deadline for 2024 Tax Year
| Recipient copy | Paper filing | E-filing |
|---|---|---|
| March 03, 2025 | February 28, 2025 | March 31, 2025 |
2. Form 1095-B/C State Filing Deadlines for 2024 Tax Year
Along with the IRS 1095-c E-filing, some States require employers to report the health coverage information to the State department before the deadline.
The States with Individual Mandates and their deadlines are mentioned below:
| State | Form to file | Recepient Copy Deadline | E-Filing Deadline |
|---|---|---|---|
| California | IRS Form 1094 & 1095-B/C | January 31, 2025 | April 01, 2025 |
| Massachusetts | Form MA-1099 HC | January 31, 2025 | January 31, 2025 |
| District of Columbia | IRS Form 1094 & 1095-B/C | March 01, 2025 | April 30, 2025 |
| New Jersey | IRS Form 1094 & 1095-B/C | March 01, 2025 | April 01, 2025 |
| Rhode Island | IRS Form 1094 & 1095-B/C | March 01, 2025 | April 01, 2025 |
With TaxBandits, you can also e-file your ACA Form 1095 with the IRS and the required states before the deadline.
3. What are the penalties for late filing of Form 1095-C for the 2024 Tax Year?
Under section 6056, applicable large employers must file IRS Form 1095-C with the IRS and furnish the copies to the employees before the deadline. Failure to file your Form 1095-C on time can result in penalties.
- The penalty for failure to file and furnish a correct return is $330 for each return for which the failure occurs, with the total penalty for a calendar year not to exceed $3,987,000.
To avoid late filing penalties, follow these simple steps
-
File your 1095-C on or before the due date
-
Make sure of filing the correct information
-
Failing to file electronically when required. For example, Employers are mandated to report electronically if filing more than 10 Forms. In such a case, if you paper file, you will be penalized.
Learn More about Form 1095-C Penalties.
To avoid last-minute mistakes and late filing penalties, file your Form 1095-C electronically before the due date with TaxBandits today!
4. What are the changes to ACA Form 1095 for 2024 Tax Year?
Recently, the IRS has released the final version of ACA 1095 Forms for the 2024 tax year. There are no changes made to the existing form fields, ACA codes, and filing requirements.
However, there are a few changes made to the penalty amounts and the ACA affordability percentage
Click here to learn more about ACA Form 1095 changes for the 2024 tax year.
5. E-File Form 1095-C with TaxBandits
To help you e-file 1095-C with the IRS, TaxBandits is here!
TaxBandits is an IRS certified electronic filing service provider. Our Software will validate your return against the IRS business rules and basic validations.
This ensures that your forms will reach the IRS without errors, and the chance of rejection is significantly lower.
Check out our intuitive data inputting system to complete your e-filing today.
- Manual data entry
- Bulk upload
After your return is transmitted, we will notify you of the status of your return via email or you can check from the Dashboard
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