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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.
Instructions for Form 8962 - Introductory Material. Future Developments. 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.
25 gru 2023 · To calculate your modified AGI for Form 8962, you need to complete Worksheet 1-1 and Worksheet 1-2 from the instructions. Here are the key steps: Determine your AGI from your federal income tax return.
11 mar 2024 · Step 1: Figure your adjusted gross income (AGI), modified AGI, and household income using the total of Worksheet X, line 15 as your self-employed health insurance deduction on line 29 of the printed copy of Form 1040 or Form 1040NR. Use Worksheets 1-1 and 1-2 in the Form 8962 instructions to figure modified AGI and household income. Important!
Form 8962, officially the Premium Tax Credit (PTC), is an Internal Revenue Service (IRS) form used to calculate the amount of premium tax credit you’re eligible to claim if you paid premiums for health insurance purchased through the Health Insurance Marketplace.
When using an alternative calculation in Form 8962, you cannot enter annual totals in Part II; you must enter each of the three columns for each month. To elect the Alternative Calculation for Year of Marriage in TaxSlayer Pro, in the tax return select: Payments, Estimates & EIC; Premium Tax Credit (PTC) (8962)
16 lut 2024 · How to complete IRS Form 8962 as part of your tax return. How to calculate taxes you may owe or credits you may claim with your tax return. Special situations that may impact the amount of the premium tax credit you can take. Let’s start with an overview of this tax form.
