You can electronically file Form 8962, Premium Tax Credit (PTC), along with your federal income tax return. Filing electronically is the easiest way to file a complete and accurate tax return. To find out more about the premium tax credit, visit
Why am I being asked to fill out a 8962?
When the Health Insurance Marketplace pays advance payments of the premium tax credit on your behalf, you must file Form 8962 to reconcile the advance payments to the actual amount of the Premium Tax Credit that you are eligible for based on your actual household income and family size.
Do you have to fill out a 8962 form?
You must file Form 8962 with your income tax return (Form 1040, 1040-SR, or 1040-NR) if any of the following apply to you. If someone else enrolled an individual in your tax family in coverage, and APTC was paid for that individual’s coverage, you must file Form 8962 to reconcile the APTC.
Is Form 8962 the same as 1095-a?
If you or anyone in your household enrolled in a health plan through the Health Insurance Marketplace, you’ll get Form 1095-A, Health Insurance Marketplace Statement. You will get this form from the Marketplace, not the IRS. To do this you will use Form 8962, Premium Tax Credit, which you file with your tax return.
Do I have to pay back premium tax credit?
A tax credit you can take in advance to lower your monthly health insurance payment (or “premium”). If at the end of the year you’ve taken more premium tax credit in advance than you’re due based on your final income, you’ll have to pay back the excess when you file your federal tax return.
What happens if I don’t File 1095-A?
Reporting Your 1095-A Not filing your return will cause a delay in your refund and may affect your future advance credit payments. On eFile.com, it’s easy to to report your advance payment amounts correctly on your tax return and eFileIT.
How to get Form 8962 for health insurance?
Form 8962, Premium Tax Credit (PDF, 110 KB) Form 8962 instructions (PDF, 348 KB) Form 1095-A, Health Insurance Marketplace® Statement. This form includes details about the Marketplace insurance you and household members had in 2020. You’ll need it to complete Form 8962, Premium Tax Credit.
What is the Form 1095-A for health insurance?
Form 1095-A, Health Insurance Marketplace Statement. This form includes details about the Marketplace insurance you and household members had in 2018. You’ll need it to complete Form 8962, Premium Tax Credit.
What kind of tax form do I need for health insurance?
Form 8962, Premium Tax Credit. If you had Marketplace insurance and used premium tax credits to lower your monthly payment, you must file this health insurance tax form with your federal income tax return. You’ll use this form to “reconcile” — to find out if you used more or less premium tax credit than you qualify for.
Do you need to fill out PTC Form 8962?
Below we do a walkthrough of filling out the PTC form, and we simplify the terms found within. Complete Form 8962 and attach it to your 1040. As noted above, you may also need to file additional 1040 forms, like a Schedule 2 (used for repaying excess tax credits), due to the way the 1040 was changed for the 2018 tax year forward.
