Form #8962  Premium Tax Credit 

is used 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 Underpayment of tax and the instructions for more details.   

Instructions  HTML  *  pdf  *

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.

Do you think this process is complicated?  See what my CPA thinks.

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