Where do I enter the Premium Tax Credit (Form 8962)?
Menu Path: Deductions/Credits > Health Insurance > Marketplace Health Insurance (1095-A)
The Premium Tax Credit (PTC) helps people with low or moderate income afford health insurance purchased through the federal health insurance Marketplace (Healthcare.gov) or a state marketplace.
You may choose to have the Premium Tax Credit (PTC) paid in advance directly to your insurance company to reduce your monthly premiums, or you can wait and claim the full credit when you file your tax return. If you receive advance payments, you must reconcile the amount paid with the actual credit you qualify for when filing your return.
You are eligible for the PTC only if you purchased health insurance through the federal health insurance Marketplace or a state marketplace.
For details on qualifying policies, visit the IRS Website.
What if I don't see the Health Insurance section?
The Premium Tax Credit (PTC) helps people with low or moderate income afford health insurance purchased through the federal health insurance Marketplace (Healthcare.gov) or a state marketplace.
You may choose to have the Premium Tax Credit (PTC) paid in advance directly to your insurance company to reduce your monthly premiums, or you can wait and claim the full credit when you file your tax return. If you receive advance payments, you must reconcile the amount paid with the actual credit you qualify for when filing your return.
You are eligible for the PTC only if you purchased health insurance through the federal health insurance Marketplace or a state marketplace.
For details on qualifying policies, visit the IRS Website.
What if I don't see the Health Insurance section?
