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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.
Information about Form 8962, Premium Tax Credit, including recent updates, related forms and instructions on how to file. Form 8962 is used either (1) to reconcile a Premium Tax Credit advanced payment toward the cost of a health insurance premium, or (2) to claim a Premium Tax Credit.
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). You may take the PTC (and APTC may be paid) only for health insurance coverage in a qualified health plan (defined later) purchased through a Health Insurance Marketplace (Marketplace, also known as an ...
16 paź 2024 · Use IRS Form 8962 to see if you qualify for the premium to claim your Premium Tax Credit. What is Tax Form 8962? If you purchased health insurance from the Healthcare.gov site — or your state healthcare marketplace if you live in a state that maintains one — you'll need to use Tax Form 8962.
The American Rescue Plan, signed into law on March 11, 2021, includes a provision that eliminates the requirement to repay excess advance premium tax credits for tax year 2020. Click here for additional information.
Premium Tax Credit (Form 8962) The premium tax credit – also known as PTC – is a refundable credit that helps eligible individuals and families cover the premiums for their health insurance purchased through the Health Insurance Marketplace. Who Qualifies? You are eligible for the premium tax credit if you meet all of the following requirements.
The Premium Tax Credit (PTC), a result of the Affordable Care Act, is a refundable tax credit that can help you lower your insurance premium costs when you enroll in a health plan through the Health Insurance Marketplace or help you cover those costs later come tax time.
