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If the second lowest cost silver plan is higher than monthly enrollment premiums, do I have to pay the difference to the IRS? This question refers to form 8962

The IRS requested form 8962 to reconcile the premium tax credit on form 1095-A

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TeresaM
Expert Alumni

If the second lowest cost silver plan is higher than monthly enrollment premiums, do I have to pay the difference to the IRS? This question refers to form 8962

Turbo Tax can help you complete a form 8962 if you have received a letter from the IRS asking for an update.  Be sure to check if the letter references tax year 2016 or 2015. The form should have been generated when you entered your 1095-A into the Health Insurance section of Turbo Tax, but if for some reason it was not entered, these are the step-by-step instructions to add them. Then you will be able to see how it impacts your return.

https://ttlc.intuit.com/replies/5742304


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