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swanimal
New Member

Affordable Care Act Credit

Married filing jointly. AGI $51,377 Premiums for me $9409 no advance credit. Completed info from form 1095a Turbo Tax is not showing any tax credit? What am I doing wrong? Also not showing that it will fill form 8692

3 Replies
Cynthiad66
Expert Alumni

Affordable Care Act Credit

The form 8692 is generated when you enter the Form 1095A information into TurboTax.  Here is how to enter the 1095A:

Here's how to enter your 1095-A in TurboTax:

  1. Open (continue) your return if you don't already have it open.
  2. In the upper right, search for 1095-A.
  3. Select the Jump to link in the search results.
  4. Answer Yes on the Did you receive Form 1095-A for your health insurance plan?

You have to complete and file Form 8962 with your income tax return if any of the below applies to you.

  • You qualify for the Premium Tax Credit (PTC) for 2020, which is for those who are enrolled, or whose family member is enrolled, in a qualified health plan
  • Advance payment of the premium tax credit (APTC) was paid for you or another family member
  • APTC was paid for a person you told the Health Insurance Marketplace would be in your family, but you didn’t include that person in your return

Since you’ll need Form 1095-A to calculate your PTC, you must wait until receiving that form before you can complete Form 8962.

If you:

  • Haven’t filed your taxes yet, but received Form 1095-A, enter your 1095-A info and we'll fill in Form 8962 for you
  • Sent Form 8962 when you filed, you don't need to do anything else
  • Filed and didn’t send in Form 8962, but received a letter from the IRS requesting one, send in the form to the IRS
  • Filed, didn’t send in Form 8962, and haven’t received a letter from the IRS requesting one, don’t amend your return. You should just wait until the IRS sends you a notice requesting one

If you received a letter from the IRS requesting Form 8962 and want more info, visit:

The IRS is requesting Form 8962 for 2019

AmeliesUncle
Level 13

Affordable Care Act Credit

When entering your 1095-A, did you enter the proper amount for column B?

 

swanimal
New Member

Affordable Care Act Credit

Hi Uncle

 

From long searching I think that is the issue. Thanks for responding

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