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E-file Form 1099-H Online for 2022 Tax Year

What is a 1099-H Form?

Form 1099-H is used to report advanced payment of HCTC (Health Coverage Tax Credit) received from eligible recipients and provide statements reporting payment to the department of treasury and recipient(s). Qualified health insurance vendors who received such HCTC payments are required to file Form 1099-H on behalf of their eligible recipients by section 6050T; If the filers are considered as HCTC beneficiaries, they will receive a copy of that tax return.

Form 1099-H also covers alternative trade adjustment assistance, reemployment trade adjustment assistance, and Pension Benefit Guaranty Corporation payees. There are three copies of it. The filer receives their HCTC benefits directly from your health insurance provider, or they can receive them as an annual tax credit. 1099-H tax returns must be mailed to recipients by February 15th and e-filed with the IRS by March 31st each year.

How to File IRS Form 1099-H?

1099 H Form
To file your Form 1099-H you will need:
  • Taxpayer's information (The issuer/provider, recipient)
  • Number of HCTC advance payment
  • HCTC advance payments (paid for every month of the year)
  • Watch our step-by-step video on How to E-File IRS Form 1099-H with Tax2efile

Who Must File Form 1099-H?

A federal tax credit facilitates individuals and families significantly in-order to lower their monthly health insurance premiums.

The following represent some of the eligibility criteria for the program:

  • Eligible for Trade Adjustment Assistance (TAA) allowances (because of a qualifying job loss)
  • A Reemployment TAA (RTAA) or Alternative TAA (ATAA)recipient
  • Between ages 55 and 64 and filer's defined-benefit pension plan was taken over by the PBGC
  • All the copies need to be completed and received by January 31st of the year following the tax year. The prepayment facilitates the filer to pay monthly health insurance premiums. The issuer sends Copy A to the IRS, Copy B to the taxpayer, and retains Copy C. However, the filer must keep the ay with their tax documents for future reference.

When is the Form 1099-H Deadline?

Filing Type Deadline
Recipient copy January 31st
IRS Paper Filing February 28th
IRS Electronic Filing March 31st

Note: If the due date/deadline falls on a Saturday, Sunday, or federal holiday, the filer will need to E-file on the next business day.

Still have questions?

Form 1099-H is used to receive any advance payments during the calendar year of any qualified health insurance payments.

Payees & payers Address, TINs, amounts of HCTC advance payments, number of months HCTC payments received, & exact amounts for each month.

Using our fast electronic service, you can complete your filing within 5 minutes.

Yes, Tax2efile offers a bulk upload feature that allows the user to upload all the Recipient to an excel sheet for a faster process.

Tax2efile allows you to correct a mistake to the Recipient information for TINs, Names & amounts.

To file Form 1099-H for a single return the filing fee is $3.25.

Yes, Tax2efile offers printing and mailing service! Our dedicated team will print and mail out each form you filed.

The IRS requires Form 1099-H to be submitted by February 28 through the mail and by March 31 if you file the form electronically however, recipients’ copy should be mailed by January 31.

The penalty can be from $50 per 1099 form, the maximum penalty can be up to $194,000. The penalty increases to $100 per 1099 form if you submit more than 30 days after the due date, but by August 1; the maximum penalty is $556,500. If you file after August 1, the penalty increases to $280 per 1099 form, with a maximum of $3,392,000. Additionally, there are penalties for failure to furnish the payee statement.

If you have more questions, please refer to our FAQ page.

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