How do I use Form 8962?

Use Form 8962 to: Figure the amount of your premium tax credit (PTC). Reconcile it with any advance payments of the premium tax credit (APTC).

How to allocate 1095-A Form 8962 to child?

Ok after you enter the 1095-A in the health insurance section on both returns the program will ask you how you want to allocate this form to you and your child. Usually the parent takes 100% and the child 0% but you can divide it up in any percent you wish. Once you have completed that section the form 8962 will be populated automatically.

What is an 8962 form for spousal abandonment?

You check the box on your Form 8962 to certify that you are a victim of domestic abuse or spousal abandonment. You do not meet the 3-year limit for Exception 2, described below. Domestic abuse.

Where do Keith and Stephanie enter 50% on Form 8962?

On their Forms 8962, Part IV, line 30, Keith and Stephanie each enter “0.50” in columns (e), (f), and (g). Allocation Situation 2. Taxpayers married at year end but filing separate returns. You and your spouse must equally allocate (50% to each spouse) certain policy amounts if all of the following conditions are met.

How do I enter APTC amount on 8962 form?

Column (f). Enter the APTC amount from Form 1095-A, line 33, column C. If you have more than one Form 1095-A, add the amounts together and enter the total on Form 8962, line 11, column (f). Not an applicable taxpayer.

Where did you check the’no’box on Form 8962?

You checked the “No” box on Form 8962, line 6, and the “Yes” box on line 14 of Worksheet 3.

How does Alice compute her contribution amount on Form 8962?

Alice must compute her contribution amount using the federal poverty line percentage for the household income and family size reported on her Form 8962. Example 2. The facts are the same as in Example 1, except that Joe and Alice do not agree on an allocation percentage.

How do I enter a 1095-A from another state on 8962?

If individuals in your coverage family enrolled in qualified health plans in different states, add together the amounts from column B of Forms 1095-A from each state and enter the total on Form 8962, lines 12 through 23, column (b).

How do you calculate family size in Form 8962?

Form 8962, line 4 . . . *If your family size was more than 8 people, add $4,420 for each additional person. For example, if your family size is 11, you have 3 additional people. Multiply $4,420 by 3 and add the result of $13,260 to $43,430.