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Le 12
New Member

I have a question on fedral i havent got it

What is form 8962
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2 Replies

I have a question on fedral i havent got it

IRS Form 8962, Premium Tax Credit -

 

Premium tax credit (PTC). The PTC is a tax credit for certain people who enroll, or whose family member enrolls, in a qualified health plan. 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

 

See this TurboTax support FAQ for the Form 8962 and the Form 1095-A as requested by the IRS for tax year 2019 - https://ttlc.intuit.com/community/health-care/help/the-irs-is-requesting-form-8962/01/27409

rjs
Level 15
Level 15

I have a question on fedral i havent got it

Form 8962 reconciles the Premium Tax Credit for health insurance from the Marketplace (Obamacare). TurboTax fills out Form 8962 when you enter your Form 1095-A. Did you get a letter from the IRS (LTR 12C) asking for Form 8962, and possibly other forms? If so, follow the instructions in the FAQ at the following link. At the bottom of the FAQ click the link for the type of TurboTax software that you are using.


The IRS is requesting Form 8962 for 2019


Also read the information at the following link on the IRS web site.


Understanding Your Letter 12C

 

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