On January 4, 2016 you received an email from the Human Resources Department regarding impending notification that the State of Maryland would be distributing Affordable Care Act (ACA) Tax forms (also known as 1095-B and 1095-C) to employees in late January, 2016. Employees were encouraged to review the form(s) with their tax preparer before the 2016 tax return was submitted.
We have since received updated guidance from the State of Maryland, along with instructions regarding the 1095-B and 1095-C forms. Based on the revised instructions, the forms will be mailed to employees by March 31, 2016. Most importantly, the IRS also removed the requirement to attach these forms with your 2015 income tax return. Therefore, it is not necessary to wait until you receive the form(s) to file your income taxes for the 2015 tax year. The revised instructions are available on the HR website.
Should you have any questions or need additional information, please do not hesitate to contact our HR Benefits Staff at hrbenefits@umbc.edu.
