Irs Health Insurance Form 8962

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.

Irs health insurance form 8962. Premium tax credit ptc attach to form 1040 1040 sr or 1040 nr. When the health insurance marketplace pays advance payments of the premium tax credit on your behalf you must file form 8962 to reconcile the advance payments to the actual amount of the premium tax credit that you are eligible for based on your actual household income and family size. Must repay excess advance payments of the premium tax credit you will determine this using form 8962 premium tax credit ptc must report the information on form 1040 or form1040 a on the line labelled excess advance premium tax credit repayment. Form 8962 is 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.

You ll use this form to reconcile to find out if you used more or less premium tax credit than you qualify for. This includes a qualified health plan purchased on healthcare gov or through a state marketplace. Form 8965 is used by individuals to claim exemptions from the minimum essential coverage mec requirement under section 5000a. Information about form 8965 health coverage exemptions including recent updates related forms and instructions on how to file.

As a result you should complete form 8962 only for health insurance coverage in a qualified health plan purchased through a marketplace. Department of the treasury internal revenue service. Reconcile it with any advance payments of the premium tax credit aptc. Form 8962 premium tax credit if you had marketplace insurance and used premium tax credits to lower your monthly payment you must file this health insurance tax form with your federal income tax return.

Current revisionform 8962 pdf. Use form 8962 to figure the amount of your premium tax credit ptc.