The premium tax credit is a refundable tax credit that can help lower your insurance premium costs when you enroll in a health plan through the Health Insurance Marketplace. You can receive this credit before you file your return by estimating your expected income for the year when applying for...
If you did not e-file your return with the Form 8962 for thePremium Tax Credit, the IRS will reject your return asking for this information. If you have already e-filed your return on eFile.com, you can simply return to your account, add the information from your 1095-A, and re-file...
The premium tax credit is generally paid in advance to the insurer issuing the qualified plan as an advance payment PTC, or APTC. The APTC is credited monthly against premiums for qualified plans; i.e., plans offered through theHealth Insurance Marketplace—that is, state and federal health ...
Advanced Premium Tax Credit TM What is the Advanced Premium Tax Credit (APTC)? The Advanced Premium Tax Credit is provided to those who qualify to help pay for health coverage. Your APTC is calculated based on your estimated annual household income, household size and where you live. If ...
You will also need to complete and include Form 6251. 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 ...
are eligible for the Premium Tax Credit, received your insurance through a qualified marketplace (either Healthcare.gov or a state marketplace) and did not have the credit paid out throughout the year directly to your health insurance provider, yo...
You use this information to complete your income tax filing, adjust any tax credit payments and claim any premium tax credits that may be due. TurboTax Tip: Employers with 50+ full-time employees use Form 1095-C to show coverage offered and whether or not an employee chose to participate...