WebYou can file Form 8962 ( Premium Tax Credit ) with your tax return if you want to claim the premium tax credit or if advance payments were made to Kaiser Permanente. You'll need to file a long form 1040. You'll find the information you need to fill out Form 8962 in your Form 1095-A. What is the advance premium tax credit (APTC)? WebSep 30, 2024 · If you have not filed your 2024 tax return, here’s what to do: If you have excess APTC for 2024, you are not required to report it on your 2024 tax return or file Form 8962, Premium Tax Credit. If you’re claiming a net Premium Tax Credit for 2024, you must file Form 8962, Premium Tax Credit
I have a 1095-C not 1095-A - Intuit
WebFor tax years other than 2024, if you or someone in your family received advance payments of the premium tax credit through the Health Insurance Marketplace, you must complete … WebApr 6, 2024 · The CPA that prepared his return entered the allocation percentage on form 8962 as premium 0.00%, SLCSP 0.0%, and advance payment of the PTC 0.75%. That is not allowed. star and hash symbol
How to correct an electronically filed return rejected for a missing ...
WebComplete all sections of Form 8962. On Line 26, you’ll find out if you used more or less premium tax credit than you qualify for based on your final 2024 income. This will affect the amount of your refund or tax due. … WebInformation about Form 8962, Premium Tax Credit, including recent updates, related forms and instructions on how to file. Form 8962 is used either (1) to reconcile a premium tax credit advanced payment toward the cost of a health insurance premium, or (2) to … To avoid making common mistakes on your Form 8962 and on your income tax … US Individual Income Tax Return for Tax Year 2024. Annual income tax return … Information about Form 1095-C, Employer-Provided Health Insurance Offer and … Individual Tax Return Form 1040 Instructions; Instructions for Form 1040 … Form 1040; Individual Tax Return Form 1040 Instructions; Instructions for Form … The premium tax credit – also known as PTC – is a refundable credit that helps … WebJun 4, 2024 · The insured individuals may claim Premium Tax Credit on Form 8962 if income was below the poverty line, if not, advance payment will be added to the tax liability. TurboTax will ask you to enter a 1095-A. Under Deductions and Credits, jump to Medical, click show more. Scroll down and choose, Affordable Care Act (form 1095-A). star and gene simmons