Find out how to fill out Premium Tax Credit Form 8962, the form for reporting ObamaCare Tax Credits. We'll review MAGI, FPL, and Adjusting credits.
meaning you might have credit left over or you might need to repay some of your credit. However, the American Rescue Plan Act of 2021 suspended the requirement to repay any excess of the advance payments of the Premium Tax Credit for tax year 2020. ...
Form 8962 *AskTaxMama Newsletter, *Tax Quips, Form 8962, Premium Tax Credit, Refund, Superseded Returns, Unemployment TaxMama’s® TaxQuips June is Busting out all OverPosted on June 3, 2021 by TaxMama 03 Jun It’s TaxQuips time from TaxMama.com® – today TaxMama® wants to ...
The Premium Tax Credit Will Be Calculated Via the eFile.com Tax App for Marketplace Care. Enter the 1095-A Data and Form 8962 Will Be Generated.
If you received an advance premium tax credit for health insurance, this line is where you'll note any repayment of excess advance premium tax credit that you received. You'll complete and attach Form 8962 to determine the amount, if any, that should be entered. You'll enter the total of...
Taxpayers who received advance payments of the Premium Tax Credit in 2025 must file Form 1040 and attach Form 8962 to reconcile these payments, even if someone else enrolled them or their dependents in health coverage through the Marketplace. Show more FAQ...