Irs Insurance Form 8962
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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 insurance form 8962. You may take 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 exchange. You only need to complete form 8962 if you received advance. Premium tax credit ptc attach to form 1040 1040 sr or 1040 nr. 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.
Use form 8962 to figure the amount of your premium tax credit ptc. Not everyone can file form 8962 and claim the premium tax credit. For instructions and the latest information. Department of the treasury internal revenue service.
The purpose of form 8962 is to allow filers to calculate their premium tax credit ptc amount and to reconcile that amount with any advance payments of the premium tax credit aptc that have been made for the filer throughout the year.
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