IRS Form 8962: Premium Tax Credit
Form 8962 is how you figure the premium tax credit and reconcile any advance payments made toward health insurance bought through the Marketplace. You need Form 1095-A from the Marketplace to complete it. Missing it can hold up a return, and the IRS may send a letter asking for it.
What this form is for
It compares the credit you are allowed with the advance credit paid to your insurer, which can change your refund or balance.
When people usually use it
People with Marketplace coverage file it every year with the return. It comes up again when the IRS writes to say the form is missing.
What to have ready
- Form 1095-A from the Marketplace
- Household income details
- Your return for that year
Notices that mention it
- IRS Notice CP11: Changes to your return: you owe
- IRS Notice CP2000: Proposed changes to your tax return
Related forms
- Form 1040: U.S. Individual Income Tax Return
- Form 1040-X: Amended U.S. Individual Income Tax Return
Read the IRS page
IRS.gov page for Form 8962 (opens in a new tab). The IRS page is the final word on this form.
Frequently asked questions
What is IRS Form 8962?
Form 8962 is how you figure the premium tax credit and reconcile any advance payments made toward health insurance bought through the Marketplace. You need Form 1095-A from the Marketplace to complete it. Missing it can hold up a return, and the IRS may send a letter asking for it.
Where do I get Form 8962?
The current version and instructions are on the IRS page for Form 8962 at https://www.irs.gov/forms-pubs/about-form-8962. Download it there so you have the right revision.
Do I need to file Form 8962?
It depends on your situation. Read the IRS page and the instructions, and if a letter mentioned Form 8962, read what that letter asks for. OweRight does not give tax advice.
What should I have ready for Form 8962?
A good starting list is: form 1095-a from the marketplace; household income details; your return for that year. The instructions on IRS.gov list everything the form asks for.
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OweRight is not the IRS and does not give tax or legal advice.