Form 8962 Premium Tax Credit with Form 1095-A for 2024

The Premium Tax Credit (PTC) is designed to help supplement the cost of health insurance for taxpayers who enroll in qualified plans through the federal health insurance marketplace at healthcare.gov.

If a taxpayer receives advanced monthly payments to supplement their health insurance premiums, they will receive a Form 1095-A, which reports those amounts. The taxpayer must complete Form 8962 to reconcile their allowable PTC with advanced payments made throughout the year. The taxpayer may have to repay some amounts or may be entitled to additional credits.

For more Form 8962 tutorials from prior years:
2023 Tutorial:    • How to File Form 8962 for Premium Tax Cred...  
2022 Tutorial:    • How to File Form 8962 for 2022.  Step-by-S...  

For a larger database of tutorials, please visit our website and search for your question:
https://knottlearning.com/

DISCLAIMER: The information provided in this video may contain information about tax, financial, and legal topics. Such materials are for informational purposes only and may not reflect the most current developments. These informational materials are not intended and should not be taken as tax, financial, or legal advice. You should contact an advisor to discuss your specific facts and circumstances. Self-help services may not be permitted in all states or jurisdictions. The use of these materials does not create an attorney-client or confidential relationship. This video does not include information about every topic or issue related to these informational materials.

#Form8962 #Form1095A #PremiumTaxCredit