Form 8962 is also used to reconcile the premium tax credit you might be eligible for with any advanced premium tax credit payments you’ve already received. The first part of the form determines your annual and monthly contribution amount based on your family income and tax family size. Your ...
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.
Yes, you can still receive this refundable credit if you meet the eligibility requirements. You must file both a Form 1040 and a Form 8962.6You can claim the credit and receive a refund of any shortfall in the amount of advance premium tax credited against your premiums for coverage on a p...
Tax-Webinar-Part-3_Premium-Tax-Credits PartIII–PremiumTaxCredits November18,2014 Agenda 2 •Basicsonthepremiumtaxcredit•WalkthroughForm8962•ShowexamplesandcommonsituationsyouarelikelytoencounterNew!Finalformsarepostedfor:•Form8962,PremiumTaxCredithttp://www.irs.gov/pub/irs-pdf/f8962.pdf•...
Harry, no tax benefit, no deduction of premiums on 1040. But does anything need to be done regarding the 1095-a and form 8962 when applying for the premium tax credit in 2020 since the MLR rebate was used to reduce one month’s premium for 2020? I received no check. The insurance com...
If you choose one of these options, the amount you're owed will be reflected on your tax return. If you have more questions about tax credits, the 1095-A and 8962 forms and how they relate to your health plan, call or visit: ACA (Affordable Care Act) Tax Provisions www.irs.gov/...
eFile.com account. This is done in the Healthcare section of your account. After you complete your return, we will generateeFileIT Form 8962for you based on the information you have entered from your Form 1095-A. The 8962 form will be e-filed along with your completed tax return to the...