8885-2026

1. Click ‘Get Form’ to open the 8885 in the editor.
2. Begin by entering the recipient’s social security number and name at the top of the form. If both spouses are recipients, ensure to complete a separate form for each.
3. In Part I, check the box for the first month you elect to take the Health Coverage Tax Credit (HCTC). Make sure all eligibility criteria are met before checking subsequent months.
4. Proceed to Part II and enter the total amount paid directly for HCTC-qualified health insurance coverage for each month checked in line 1. Remember not to include any premiums paid to 'US Treasury-HCTC'.
5. If applicable, enter any distributions from Archer MSAs or health savings accounts used for HCTC-qualified coverage in line 3. Subtract this from line 2 and enter the result on line 4.
6. Finally, calculate your Health Coverage Tax Credit by multiplying the amount on line 4 by 72.5% and enter it on the appropriate lines of your tax forms as indicated.

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