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For the latest information about developments related to Form 8962 and its instructions, such as legislation enacted after they were published, go to IRS.gov/Form8962.
Information about Form 8962, Premium Tax Credit, including recent updates, related forms and instructions on how to file. Form 8962 is used either (1) to reconcile a Premium Tax Credit advanced payment toward the cost of a health insurance premium, or (2) to claim a Premium Tax Credit.
Completing IRS Form 8962 is required when claiming the premium tax credit. Read our detailed guide to learn what Form 8962 is and how to file it.
Form 8962, Premium Tax Credit If you had Marketplace coverage and used the premium tax credit to lower your monthly plan premiums, you must file this tax form with your federal income tax return. You’ll use this form to
Get your Form 1095-A. Print Form 8962 (PDF, 110 KB) and instructions (PDF, 348 KB). Use the information from your 1095-A form to complete Part II of Form 8962.
Premium Tax Credit, Form 8962 The dependents’ MAGI should appear on line 2b ONLY IF the dependents’ gross income is above the filing threshold. See Tab A, Who Must File, Chart B - For Children and Other Dependents. Note: See the Applicable Figure Table later in this tab. Reminder - Household income is MAGI of taxpayer (and spouse
For the latest information about developments related to Form 8962 and its instructions, such as legislation enacted after they were published, go to IRS.gov/Form8962. What’s New Health Coverage Tax Credit (HCTC). The HCTC expired on December 31, 2021. Beginning tax year 2022, Form 8885 and its instructions have been discontinued by the IRS ...
Simply follow these Form 8962 instructions to make sure you don’t miss any steps: Step 1: Gather Required Documents. Before you start filling out Form 8962, make sure you have the following documents and information on hand: Form 1095-A: Health Insurance Marketplace Statement Form 1095-B or 1095-C: Health Coverage Statement (if applicable)
Form 8962 is used to figure the amount of Premium Tax Credit and reconcile it with any advanced premium tax credit paid. This form is only used by taxpayers who purchased a health plan through the Health Insurance Marketplace, including healthcare.gov.
Use the information from your 1095-A to fill out Form 8962, Premium Tax Credit. Use Form 8962 to reconcile your premium tax credit — compare the amount you used in 2022 to lower your monthly plan premium with the actual premium tax credit you qualify for based on your final 2022 income.