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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. What’s New. New employer-coverage affordability rule for family members of employees.
- IRS.gov Form8857
Information about Form 8857, Request for Innocent Spouse...
- IRS.gov Form8962
Information about Form 8962, Premium Tax Credit, including...
- IRS.gov Form8857
It will show you how to: Figure your maximum exclusion, using Worksheet 1, Determine if you have a gain or loss on the sale or exchange of your home, using Worksheet 2, Figure how much of any gain is taxable (if any) using Worksheet 3, and. Report the transaction correctly on your tax return, using guidance included in Worksheet 3.
Department of the Treasury Internal Revenue Service. Premium Tax Credit (PTC) Attach to Form 1040, 1040-SR, or 1040-NR. Go to www.irs.gov/Form8962 for instructions and the latest information.
Use Worksheet 1-2 in the IRS’ Form 8962 instructions to help you calculate any reportable MAGI. Line 3: Enter the sum of lines 2a and 2b. If the number is less than 0, just enter 0. Line 4: Check the correct box to indicate your state of residence in the tax year for which you’re filing the form.
28 gru 2023 · The purpose of Form 8962 is to allow filers to calculate their Premium Tax Credit ( PTC) amount with their federal income tax return. With that amount, they’re then able to reconcile that amount with any advance payments of the Advance Premium Tax Credit (APTC) that have been made for the filer throughout the year.
How to Calculate Gain. Your home’s original sales price when you bought it (not what you brought to closing). Additional costs you paid toward the original purchase (include transfer fees, attorney fees, and inspections but not points you paid on your mortgage). +.
25 paź 2023 · Here are the step-by-step instructions for filling out Form 8962: Determine Your Tax Family Size (Line 1): Include yourself, your spouse if filing jointly, and any dependents you claim on your tax return.
