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Deductions & credits
Yes, the health insurance premiums deduction on Schedule A for premiums paid for Affordable Care Act insurance comes from the form 8962. The amount of premiums paid (Col A) in your example is 5559 minus the amount paid by premium tax credits (Col F) 3828 = 1731. Then add back the amount the taxpayer has to repay (1500) yields 3231. I imagine the figures for your columns are rounded from the actual monthly amounts on the form 1095A to account for the slight difference.
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March 5, 2024
8:11 AM