TurboTax will automatically fill out Form 8962 once you enter your Form 1095-A.You have to include Form 8962 with your tax return if:You qualified for the Premi
by TurboTax•965•Updated6 days ago The Premium Tax Credit is a tax credit to help make health coverage more affordable when you purchase health insurance from Healthcare.gov or a state marketplace.
A 12C letter means the IRS needs more information to process your return. Usually, you need to provide Form 8962 - Premium Tax Credit. This form is require
The Form 8962 is completed by the TurboTax program after you have entered the Form 1095-A into the 2024 tax return. To enter, edit or delete your Form 1095-A - Click on Federal Taxes (Personal using Home and Business) Click on Deductions and Credits Click on I'll choose what I work on (if shown) Scroll down to Medical On Affordable Care Act (Form 1095-A), click the start or update button Or ...
Form 8962 isn’t supported in TurboTax Online Free or TurboTax Live Basic. However, we'll provide a service code for customers who have already filed and received an IRS notice. Explain that the customer originally filed in TurboTax Online Free or TurboTax Live Basic and upgraded to TurboTax Online Deluxe or TurboTax Live Deluxe to get Form 8962.
As a consequence, my understanding via reading Form 8962 instructions and Pub 974 is that my son does not need to file Form 8962. However, when I entered the data from his 1095-A into TurboTax (Deluxe desktop Windows version), TurboTax created a Form 8962 with an associated PTC for him.
I cannot fill out a Form 8962, because I (and my dependents) don't have a Form 1095-A, because we don't have insurance through the Marketplace. In fact, we have Form 1095-B (I have private insurance and my dependents have Medicaid).
Premium Tax Credit - Form 8962, Part I - for a case where one spouse moved out of an ACA plan to a medicare plan in 2024 Hello, My wife was on an ACA plan for first 9 months of 2024. She then moved to Medicare starting Oct 1st when she reached age 65. Turbotax has computed our Monthly Contribution Limit on Line 8b of Part I of the 8962 Form.
My tax return was rejected this morning, stating that I needed to file a form 8962, using data from form 1095-A. I found this odd, as I am employed and have health coverage and have received a 1095–C. I reached out to the ACA marketplace and come to find out someone fraudulently applied for benefits...
Form 8962, Premium Tax Credit, is used to reconcile an advanced premium tax credit amount for individuals who received an advanced payment toward the cost of a health insurance premium throughout the year, or to claim a premium tax credit for those individuals who are eligible. TurboTax will automatically fill out Form 8962 once you enter your 1095-A form. Since you didn't receive the premium ...
