How do I get my tax form 8962?

Form 8962 is available on the IRS website and is free to download. 5 If you’re filing taxes using electronic tax filing software, this form should be generated for you as you navigate through the program’s questionnaire format.

What happens if I don’t file form 8962?

What if I file but don’t include Form 8962? For any year when you received advanced premium tax credits, you are required to file a federal income tax return, including Form 8962. If you fail to do this — it is called “failure to reconcile” — you may be unable to apply for premium tax credits for the following year.

Why do I need to file form 8962?

Form 8962 is a form you must file with your federal income tax return for a year if you received an advanced premium tax credit through the Marketplace during that year. You must use Form 8962 to reconcile your estimated and actual income for the year.

Who can help fill out form 8962?

Only those who have health insurance through the Affordable Care Act Health Insurance Marketplace (also known as the exchange) are eligible to use Form 8962, and not everyone who has marketplace coverage can qualify. If you used healthcare.gov or your state’s health insurance exchange to get coverage, you may qualify.

Can I fill out form 8962 online?

You can electronically file Form 8962, Premium Tax Credit (PTC), along with your federal income tax return. Filing electronically is the easiest way to file a complete and accurate tax return. To find out more about the premium tax credit, visit IRS.gov/aca.

Is form 8962 required for 2020 taxes?

The IRS will process tax returns without Form 8962 for tax year 2020 by reducing the excess advance premium tax credit repayment amount to zero. There is no need to file an amended tax return or contact the IRS.

Does TurboTax do form 8962?

Yes – TurboTax can prepare Form 8962 – Premium Tax Credit (PTC) for you. Enter the 1095-A form you received into your return. TurboTax will calculate Form 8962 for you.

Will TurboTax fill out form 8962?

Yes – TurboTax can prepare Form 8962 – Premium Tax Credit (PTC) for you. Enter the 1095-A form you received into your return.