Federal Form 8962 (Premium Tax Credit) - TaxFormFinder-2025

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Form 8962 is used to calculate and claim the Premium Tax Credit (PTC) for taxpayers who have health insurance coverage through the Health Insurance Marketplace. It requires information on household income, tax family size, and applicable premiums to determine eligibility and the amount of credit. The form includes sections for annual and monthly calculations, reconciliation of advance payments, allocation of policy amounts, and alternative calculations for married couples.

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Click ‘Get Form’ to open it in the editor.
Begin by entering your name and social security number as shown on your tax return. Ensure accuracy to avoid processing delays.
In Part I, input your tax family size and modified AGI. Follow the instructions carefully for each field to ensure correct calculations.
Calculate your household income by adding the amounts from lines 2a and 2b. Then, refer to the federal poverty line table to complete line 5.
Proceed to Part II, where you will compute your annual and monthly contribution amounts based on previous entries.
In Part III, determine if you need to repay any excess advance payments of the Premium Tax Credit. Complete lines as instructed.
Finally, review all entries for accuracy before printing, downloading, or sharing your completed form.

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How do I get a copy of my 8962 form online?

From within your TaxAct Online return, click Print Center in the left column. Check the box to the left of Federal Form 8962. You may need to scroll down in the section to locate the item. Click Print and then click the PDF link.

Why would I need to file form 8962?

You must file Form 8962 to compute and take the PTC on your tax return. Advance payment of the premium tax credit (APTC). APTC is a payment during the year to your insurance provider that pays for part or all of the premiums for a qualified health plan covering you or an individual in your tax family.

What documents do I need to complete form 8962?

Form 1095-A, Health Insurance Marketplace Statement Youll need it to complete Form 8962, Premium Tax Credit. Get a quick overview of health care tax Form 1095-A when youll get it, what to do if you dont, how to know if its right, and how to use it. Get a sample 1095-A (PDF, 480 KB).

What is form 8962 premium tax credit used for?

Premium tax credit (PTC). The credit provides financial assistance to pay the premiums for the qualified health plan offered through a Marketplace by reducing the amount of tax you owe, giving you a refund, or increasing your refund amount. You must file Form 8962 to compute and take the PTC on your tax return.

Why was my tax return rejected because of form 8962?

A1. Your electronic return was rejected because IRS records show that APTC was paid to your Marketplace health insurance company on behalf of you or another member of your family, and you are required to complete Form 8962 and include it with your return to reconcile the APTC with the PTC you are allowed.