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Typically, taxation is quite cumbersome. The importance of the event puts some stress on the individual, and filling out the form can be challenging. Every character in the Form 8962 for 2024 matters at such a crucial moment, so filling out a printed form might take a lot more time and effort than a digital one. To make this process more efficient, use DocHub and complete your taxation year effortlessly.

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Form 8962 is divided into five parts. Before you dive into Part I, write your name and Social Security number at the top of the form. Part I is where you enter your annual and monthly contribution amounts. Youll enter the number of exemptions and the modified adjusted gross income (MAGI) from your 1040 or 1040NR.
TurboTax will automatically fill out Form 8962 once you enter your Form 1095-A. You have to include Form 8962 with your tax return if: You qualified for the Premium Tax Credit in 2023. You or someone on your tax return received advance payments of the Premium Tax Credit.
If youre e-filing your taxes, you should be able to complete Form 8962 through the tax filing software program youre using.
You need to obtain a copy of the Form 1095-A from the person who enrolled the individual. If you are claimed as a dependent on another persons tax return, the person who claims you will file Form 8962 to take the PTC and, if necessary, repay excess APTC for your coverage. You do not need to file Form 8962.
Taxpayers whose electronically filed return is rejected because the Form 8962 is not attached should review their health insurance records, including Form 1095-A, Health Insurance Marketplace Statement.
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Form 8962 is a form you must file with your federal income tax return for a year if you received an advanced premium tax credit through the Marketplace during that year.
A shared policy occurs when a qualified health plan has been purchased from the Marketplace or from a state health care exchange and it covers at least one individual on the tax return and at least one individual not on the tax return.
How do I generate 8962 Part V, Alternative Calculation for Year of Marriage? Go to Screen 39.1, Health Coverage, Exemptions, More. From the left Sections box choose Part V - Alternative Calculation For Year of Marriage (8962). Enter the Date married (if in current year)
Form 8962 is available on the IRS website and is free to download. If youre filing taxes using electronic tax filing software, this form should be generated for you as you navigate through the programs questionnaire format.
Heres how to file Form 8862 in TurboTax. Sign in to TurboTax and open your return. Select Search, enter Form 8862, and select Jump to form 8862. Youll come to the Earned Income Credit section. Answer the questions. Select Continue and then Done.

2019 8962 form