WebJun 3, 2024 · In order to complete the 8962 you will need to start as an amending return but that return will not be filed. You may have received a letter from the IRS asking for Form 8962, which is related to the information on Form 1095-A. WebFeb 19, 2024 · Taxpayers who have advance credit payments made on their behalf, are required to file Form 8962 with their income tax return. This will reconcile the amount of advance payments with the premium tax credit they may claim based on their actual household income and family size. How do taxpayers know they received advance credit …
IRS Form 8962 - Calculate Your Premium Tax Credit (PTC)
WebThe instructions for Form 8962 will help you determine if you meet the eligibility requirements for this credit. You must file IRS Form 8962, Premium Tax Credit, to claim the tax credit. Form 8962 is available from the IRS at . www.irs.gov. or your tax preparer. Your Form 1095-A provides you with information you will need to complete the Form 8962. WebFeb 12, 2024 · Taxpayers should file IRS Form 8962 with their federal income tax return to claim the Premium Tax Credit (PTC). The PTC is intended to assist taxpayers in … maillot giannis antetokounmpo greece
Completing Form 8962 Premium Tax Credit - Intuit
WebApr 27, 2024 · The IRS announced ( IR-2024-84, April 9, 2024) that taxpayers with excess APTC for 2024 do not need to file Form 8962 with their return, or repay this excess amount on their 2024 Form 1040, U.S. Individual Income Tax Return, or Form 1040-SR, U.S. Tax Return for Seniors, Schedule 2, Line 2, when they file. WebJun 4, 2024 · The insured individuals may claim Premium Tax Credit on Form 8962 if income was below the poverty line, if not, advance payment will be added to the tax liability. TurboTax will ask you to enter a 1095-A. Under Deductions and Credits, jump to Medical, click show more. Scroll down and choose, Affordable Care Act (form 1095-A). WebMar 21, 2024 · If you received a premium subsidy from the exchange – or if you paid full price through the exchange but are eligible to claim the subsidy on your tax return – you have to complete Form 8962 with your tax return. maillot foot messi