What do I enter for my health insurance premiums for Itemized Deductions if I also have the Premium Tax Credit?
If you received advance payments of the Premium Tax Credit or you think you may be eligible to claim the Premium Tax Credit, you'll need to fill out Form 8962 in order to calculate your health insurance premiums for your Itemized Deductions.
To fill out Form 8962, go to the Health Insurance screens to enter your Form 1095-A information. Once you've filled out Form 8962, you need to calculate your health insurance premiums for your Itemized Deductions.
If you have any net Premium Tax Credit on Form 8962, Line 26, you'll subtract that amount from your out-of-pocket health insurance premiums and report that amount on the Deductible Medical Expenses screen. If you have any advance Premium Tax Credit repayment on Form 8962, Line 29, you'll add that amount to your out-of-pocket health insurance premiums and report that amount on the Deductible Medical Expenses screen.
For example, let's say your health insurance premiums were $9,000 in 2025 and you received $3,000 in advance payments of the Premium Tax Credit. This makes your out-of-pocket health insurance premiums $6,000 ($9,000 - $3,000).
Scenario 1: After filling out Form 8962, you have a net Premium Tax Credit of $1,000. You would report $5,000 ($6,000 - $1,000) in health insurance premiums for your Itemized Deductions.
Scenario 2: After filling out Form 8962, you have an excess advance Premium Tax Credit repayment of $1,000. You would report $7,000 ($6,000 + $1,000) in health insurance premiums for your Itemized Deductions.
To fill out Form 8962, go to the Health Insurance screens to enter your Form 1095-A information. Once you've filled out Form 8962, you need to calculate your health insurance premiums for your Itemized Deductions.
If you have any net Premium Tax Credit on Form 8962, Line 26, you'll subtract that amount from your out-of-pocket health insurance premiums and report that amount on the Deductible Medical Expenses screen. If you have any advance Premium Tax Credit repayment on Form 8962, Line 29, you'll add that amount to your out-of-pocket health insurance premiums and report that amount on the Deductible Medical Expenses screen.
For example, let's say your health insurance premiums were $9,000 in 2025 and you received $3,000 in advance payments of the Premium Tax Credit. This makes your out-of-pocket health insurance premiums $6,000 ($9,000 - $3,000).
Scenario 1: After filling out Form 8962, you have a net Premium Tax Credit of $1,000. You would report $5,000 ($6,000 - $1,000) in health insurance premiums for your Itemized Deductions.
Scenario 2: After filling out Form 8962, you have an excess advance Premium Tax Credit repayment of $1,000. You would report $7,000 ($6,000 + $1,000) in health insurance premiums for your Itemized Deductions.
