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Applicable federal poverty line percentages. For tax years 2023 through 2025, taxpayers with household income that exceeds 400% of the federal poverty line for their family size may be allowed a PTC.
- 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
Instructions for Form 8962. Premium Tax Credit (PTC) Section references are to the Internal Revenue Code unless otherwise noted. Purpose of Form. Use Form 8962 to figure the amount of your premium tax credit (PTC) and reconcile it with advance payment of the premium tax credit (APTC).
This is an early release draft of an IRS tax form, instructions, or publication, which the IRS is providing for your information. Do not file draft forms and do not rely on draft forms, instructions, and pubs for filing. We incorporate all significant changes to forms posted with this coversheet.
Form 8962 must be completed if you received advance payments of the premium tax credit (APTC) or if you want to claim the credit on your tax return. In today’s post, I’m giving you step-by-step instructions to correctly complete and file Form 8962. What is the Premium Tax Credit?
16 lut 2024 · Line 4: Federal poverty line. Based upon your family size and state of residence, you’ll need to enter the federal poverty line amount from the applicable table: Table 1-1: Federal Poverty Line for the 48 Contiguous States and the District of Columbia; Table 1-2: Federal Poverty Line for Alaska; Table 1-3: Federal Poverty Line for Hawaii
IRS Form 8962 - Calculate Your Premium Tax Credit (PTC) People who buy health insurance through HealthCare.gov or a State Marketplace must file IRS Form 8962 to claim the Premium Tax Credit.
26 cze 2020 · from 8962 instructions: (Pg. 8, Line 6.) You may qualify for the PTC if your household income is less than 100% of the federal poverty line and you meet all of the following requirements. • You or an individual in your tax family enrolled in a qualified health plan through a Marketplace. •
