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.

FAQs / Ask Us a Question

Instant Complementary Health Insurance Proposals, Quotes, Subsidy Calculation and ONLINE Enrollment

Instructions to appoint us as your broker with Covered CA – no additional charge!

 

Other Pages and resources in Tax Forms – Subsidy Verification & Filing
Premium Tax Credit Reconciliation # 8962
Premium Tax Credit Reconciliation # 8962
Line 69 Premium Tax Credit
Line 69 Premium Tax Credit

 

Line 46 IRS 1040
Line 46 IRS 1040

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?

2017 Report on how well the IRS did on Verifying PTC Premium Tax Credits for the 2016 Tax year

Summary from Insure Me Kevin.com

GAO Report to Congressional Committees 7.2017 81 pages  *  Summary – Modern Health Care

Child Pages

Instructions for form 8962
Instructions for form 8962
Premium Tax Credit - Publication 974
Premium Tax Credit – Publication 974

Instant Complementary Health Insurance Proposals, Quotes, Subsidy Calculation and ONLINE Enrollment

Instructions to appoint us as your broker with Covered CA – no additional charge!

 

How to fill out form 8962

8962 ONLINE Calculator
TaxFormCalculator.com

frugal fringe.com

etax.com

 

Instant Complementary Health Insurance Proposals, Quotes, Subsidy Calculation and ONLINE Enrollment

 

Instructions to appoint us as your broker with Covered CA – no additional charge!

 

Insure Buy International Medical Coverage

InsuBuy International Medical Coverage – Instant Quotes & Enrollment

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

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