PTC

[w961hmk]

I received two Form 1095-A's.  During 2024, I enrolled my family in healthcare from the marketplace for the months of September and October only, and I received a 1095-A for that.  I also enrolled my nephew over whom I am legal guardian, he lives with me, and I provide well over 50% of his support.  I received a separate 1095-A for him also.  The AGI I reported on my 1040 was $428,000.  Given that amount is more than 400% over the poverty line applicable (live in Texas) and it is highly unlikely that I will receive the PTC (credit) do I even need to complete a Form 8962 at all?  Second question, if I am obligated to file an 8962 with my tax return must I simply total the two 1095-A's that I received and report those as totals on the 8962, or complete an 8962 for each 1095-A I received?

[BrittanyS]

Yes, you will include the 1095-A on your return even if you know you will not get any credit for the form.  Not reporting the 1095-A could cause the return to be rejected if not included.  To enter in TurboTax, you can enter each form separately.  To enter multiple 1095-A's in TurboTax, follow these steps:

• Sign in to TurboTax
• Select Deductions and Credits
• Click Edit next to Affordable Care Act (1095-A)
• Enter the first 1095-A
• on here's what we have for your 1095-As, Select add another

[w961hmk]

My employer paid for the advance premium payments and since nothing came out of my pocket I am not entitled to take the credit in accordance with what I have read.  Therefore, I choose not to complete form 8962. It would make no sense since I am not eligible for the credit.  Is that an incorrect assumption?  Given that, why would I include the 1095-A if I am not filing form 8962?  How would my return be kicked out if I don't file 8962?

[ThomasM125]

The IRS will know you received the Form 1095-A as they get a copy of it. Even though it is possible they could process the form given your tax information when you file your return and realize it will not change your tax due or refund, it is unlikely they will do that and is more likely they would request that you complete the Form 8962 and submit it after you file your return. It is also possible they will reject your return if the Form 8962 is not included. So it may be easier and less trouble to enter the Form 1095-A information in TurboTax.

[w961hmk]

I did find proof that I did in fact pay this, so I will complete the 8962 and will get a tax credit.  My AGI was $428,000, so would I still be entitled to that credit though?