Can you fill out Form 8962 online?
Can you fill out Form 8962 online?
You can electronically file Form 8962, Premium Tax Credit (PTC), along with your federal income tax return. Filing electronically is the easiest way to file a complete and accurate tax return.
Is Form 8962 the same as 1095 a?
Form 8962 is used along with Form 1095-A, which your local health marketplace should send you. Form 8962 to reconcile the difference between the amount of advanced premium tax credit you received and the amount of premium tax credit you’re eligible to receive—and determines whether or not you owe money to the IRS.
Who can help fill out Form 8962?
Only those who have health insurance through the Affordable Care Act health insurance Marketplace (also known as the Exchange) are eligible to use Form 8962, and not everyone who has Marketplace coverage can qualify. If you used healthcare.gov or your state’s health insurance exchange to get coverage, you may qualify.
Where can I get 8962 form?
the IRS website
Form 8962 is available on the IRS website and is free to download. 4 If you’re filing taxes using electronic tax filing software, this form should be generated for you as you navigate through the program’s questionnaire format.
Where can I get a 8962 tax form?
Form 8962 is available on the IRS website and is free to download.
Who do I send my 8962 form to?
the IRS
If your Letter 12C indicates that Form 8962, Premium Tax Credit was missing and not attached to your return, you will need to send the completed Form 8962 to the IRS. You do NOT need to amend your return, so there is no need to submit Form 1040-X, Amended Return.
What happens if I don’t file 8962?
What if I file but don’t include Form 8962? For any year when you received advanced premium tax credits, you are required to file a federal income tax return, including Form 8962. If you fail to do this — it is called “failure to reconcile” — you may be unable to apply for premium tax credits for the following year.
How do I access Form 8962?
Sign In to Turbo Tax
Who must file Form 8962?
Who Must File Form 8962 (p3) If someone else enrolled an individual in your tax family in coverage, and APTC was paid for that individual’s coverage, you must file Form 8962 to reconcile the APTC. You need to obtain a copy of the Form 1095-A from the person who enrolled the individual.
What is Form 8962 used for?
IRS Form 8962 is used to reconcile the Health Insurance Premium Tax Credit with the Advance Payment of the Premium Tax Credit you may have used each month to lower your monthly premium and determine if you received the right amount.
What is Form 8962 for taxes?
Individuals and families file the Internal Revenue Service IRS Form 8962 to calculate their amount of Premium Tax Credit and reconcile it with advance payment of the premium tax credit, which is a tax credit taken in advance to lower their monthly health insurance payment.
