Can a Form 8962 be combined with Form 1095-A?

If individuals in your family were enrolled in Marketplace health plans in different states during the tax year, because the SLCSP is different in each state, you will want to select Yes in Step #6 below as this would correctly combine the amounts from all Forms 1095-A when transferred to the Form 8962.

What to do if you have multiple forms 1095-A?

If your return contains information from multiple Forms 1095-A Health Insurance Marketplace Statements, AND you need the combined amounts to be transferred to the Monthly Calculation section under Part 2 of Form 8962 Premium Tax Credit (PTC) , follow these steps. From within your TaxAct® return ( Online or Desktop), click on the Federal tab.

Do you need to print out Form 8962?

Download and print the Form 8962 and instructions for a paper return. If you’re mailing in a paper tax return and you received advance payments of your health insurance premium tax credit, you’ll need to file a completed Form 8962 with your regular tax return forms.

Where is the 8962 line on a 1040?

Walk through the rest of the screens to enter your 8962. When you’re finished, make sure there is an entry on the line for “excess advance premium tax credit repayment” (line 46, Form 1040, or line 29, Form 1040A) or the line for “net premium tax credit” (line 69, Form 1040, orline 45, Form 1040A).

Do you have to fill out Form 8962 to get tax refund?

However, if you used less credit than you were entitled to, you may get a refund. Fill out Form 8962 to reconcile your tax credit using the information on Form 1095-A.

How to fill out Form 8962 for health insurance?

Part II, column (a) on Form 8962 lists the health insurance premium for each month of the year. This amount is the total cost of the premiums for your health insurance policy – not the amount you actually paid. Copy this information directly from Form 1095-A, Part III, column A.

What do you need to know about Form 1095-A?

Use Form 1095-A for information on whether you and your family members had coverage that satisfies the individual shared responsibility provision. Do not attach Form 1095-A to your tax return – keep it with your tax records.

Where do I Find Form 8962 for health insurance?

From within your TaxAct® return ( Online or Desktop), click on the Federal tab. On smaller devices, click the menu icon in the upper left-hand corner, then select Federal Click Health Insurance to expand the category and then click Premium tax credit

Do you need to review Form 8962 premium tax credit?

For those Forms 1095-A where you need the amounts to transfer in total to the Monthly Calculation section under Part 2 of Federal Form 8962 Premium Tax Credit (PTC) , click Review to review each form already created ( Note: you would NOT need to review the very first form listed as the amounts from that form will automatically be transferred)