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How do I use Form 8962?

How do I use Form 8962?

Use Form 8962 to: Figure the amount of your premium tax credit (PTC). Reconcile it with any advance payments of the premium tax credit (APTC).

How do I enter APTC amount on 8962 form?

Column (f). Enter the APTC amount from Form 1095-A, line 33, column C. If you have more than one Form 1095-A, add the amounts together and enter the total on Form 8962, line 11, column (f). Not an applicable taxpayer.

Where do Keith and Stephanie enter 50% on Form 8962?

On their Forms 8962, Part IV, line 30, Keith and Stephanie each enter “0.50” in columns (e), (f), and (g). Allocation Situation 2. Taxpayers married at year end but filing separate returns. You and your spouse must equally allocate (50% to each spouse) certain policy amounts if all of the following conditions are met.

How does Alice compute her contribution amount on Form 8962?

Alice must compute her contribution amount using the federal poverty line percentage for the household income and family size reported on her Form 8962. Example 2. The facts are the same as in Example 1, except that Joe and Alice do not agree on an allocation percentage.

How do I enter a 1095-A from another state on 8962?

If individuals in your coverage family enrolled in qualified health plans in different states, add together the amounts from column B of Forms 1095-A from each state and enter the total on Form 8962, lines 12 through 23, column (b).

Can I elect the alternative calculation for 401 on Form 8962?

If you entered 401 on Form 8962, line 5, excess APTC was paid, and you are eligible for the alternative calculation. Do not complete Worksheet 3. Instead, see Alternative Calculation for Year of Marriage in Pub. 974 to determine if electing the alternative calculation reduces your repayment amount. ❑ No.

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