Health Insurance Premium Archives

Knott Learning

Form 8962 – How to Calculate the Premium Tax Credit

If a taxpayer purchased health insurance through the marketplace and received an advanced premium tax credit, they need to file Form 8962 with their tax return. This example covers a sample Form 8962 filing for the 2023 tax year.

Jason Knott2024-09-06T06:45:43+00:00Tags: Form 1040, Form 8962, Premium Tax Credit|

How to File IRS Form 8962 for 2022 Premium Tax Credit

Some U.S. taxpayers who purchase eligible health insurance plans through the marketplace are eligible for a government subsidy to cover a portion of the premiums. The taxpayer must reconcile the amounts on Form 8962 with their Form 1040.

Jason Knott2024-09-06T06:47:31+00:00Tags: Form 1040, Form 8962, Health Insurance, Insurance Marketplace, Premium Tax Credit|

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