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Get your taxes done using TurboTax
You can add Form 8962, Premium Tax Credit, to your taxes by going to:
- While signed in and working in TurboTax Online 2019, click on Federal in the black menu on left.
- Click on Deduction and Credits in the upper portion of the page.
- Scroll down and click on Medical, Show More.
- Click on the Affordable Care Act (Form 1095-A).
Entering your Form 1095-A and answering the questions in this area will produce a Form 8962, Premium Tax Credit, in your tax return. If your sons are grown and filing their own tax returns, you will need to check the box that says either I shared this policy with a taxpayer that is not on this return or I have at least one dependent who is filing a separate return. For allocation of the policy amounts, you can allocate them anyway as long as it all adds up to 100 percent. It can be 33/33/34 or 100/0/0 or anything. If you are taking the full deduction, you can take 100 percent on your return and put 0 on your sons' return.
@erin2019tax
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March 29, 2020
9:45 AM