Use Form #8962  Premium Tax Credit to reconcile the APTC Advance Premium Tax Credit, subsidy with your IRS # 1040.   If you got too high a subsidy or too low, it gets finalized at tax time. If your subsidies were too high you may have to pay penalties.  See form 2210 and the instructions for more details.   

Form #8962  Premium Tax Credit (calculation)

Instructions

but first you need the    Proof of Coverage Form 1095 A from Covered CA

and  B  if applicable – like if you had Covered CA part of the year and other coverage the rest of the year, from an Insurance Company, Government – Like Medicare or Medi-Cal or your Employer.

IRS Instructions to file the RIGHT forms, if there are ANY issues or problems —- IRS —  Affordable Care Act Tax Provisions

When you are done completing # 8962, enter the calculation on line 46 and/or 69 of 1040 form.

 

Other Pages and resources in Tax Forms – Subsidy Verification & Filing

Kaiser Permanente Reminder & FAQ’s to do 2014 Taxes

Will Donald’s Executive order of 1.20.2017 eliminate having to pay back any excess APTC?  Blog Insure Me Kevin.com 1.23.2017

How to fill out the exemptions part?

• IRS # 2015-9 No Penalty on payback of excess subsidy for 2014
• Maximum Pay Back of APTC?
  • Medi Cal – Income Drop? Tax or Subsidy Pay Back?
    • Case Study – Corrections 3 years later?
• Premium Subsidy Now or Tax Time?
  • Commission Income?
  • Estimated Income – Credit now or later?
    • 2 year old tax return vs projected next years income?
    • Credit at tax time if not requested initially?
    • Monthly Income vs Annual MAGI?
• Tax Return Deadline & Mandate to File

 

 

Historical

Molina Health Care reports that the IRS states that 57% of tax payers  may lose the credits as they haven’t filed form 8962 or filed their taxes! ^{Email dated 7.30.2015   IRS   New York Times 8.4.2015}