IRS 8962 2015 free printable template

For Paperwork Reduction Act Notice see your tax return instructions. Cat. No. 37784Z Form 8962 2015 Page Shared Policy Allocation Complete the following information for up to four shared policy allocations. Form OMB No* 1545-0074 Premium Tax Credit PTC Department of the Treasury Internal Revenue Service Name shown on your return Attach to Form 1040 1040A or 1040NR* Information about Form 8962 and its separate instructions is at www*irs*gov/form8962. Attachment Sequence No* 73 Your social...security number You cannot claim the PTC if your filing status is married filing separately unless you are eligible for an exception see instructions. If you qualify check the box. Part I Annual and Monthly Contribution Amount Tax family size. Enter the number of exemptions from Form 1040 or Form 1040A line 6d or Form 1040NR line 7d 2a Modified AGI. Enter your modified AGI see instructions. Household income. Add the amounts on lines 2a and 2b. b Enter the total of your dependents modified AGI...see instructions. Federal poverty line. Enter the federal poverty line amount from Table 1-1 1-2 or 1-3 see instructions. Check the appropriate box for the federal poverty table used* a Alaska b Hawaii c Other 48 states and DC. Did you enter 401 on line 5 See instructions if you entered less than 100. 2b No* Continue to line 7. Yes. You are not eligible to receive PTC. If advance payment of the PTC was made see the instructions for how to report your excess advance PTC repayment amount....Applicable Figure. Using your line 5 percentage locate your applicable figure on the table in the instructions 8a Annual contribution amount. Multiply line 3 by line 7. b Monthly contribution amount. Divide line 8a by 12. Round to whole dollar amount 8b Are you allocating policy amounts with another taxpayer or do you want to use the alternative calculation for year of marriage see instructions Yes. Skip to Part IV Shared Policy Allocation or Part V Alternative Calculation for Year of Marriage....See the instructions to determine if you can use line 11 or must complete lines 12 through 23. Yes. Continue to line 11. Compute your annual PTC. Then skip lines 12 23 your monthly PTC and continue to line 24. and continue to line 24. Annual Calculation a Annual enrollment premiums Form s 1095-A line 33A b Annual applicable SLCSP premium Form s 1095-A line 33B d Annual maximum premium assistance subtract c from b if zero or less enter -0- contribution amount line 8a e Annual premium tax f Annual...advance credit allowed payment of PTC Form smaller of a or d Annual Totals Monthly a Monthly enrollment b Monthly applicable 1095-A lines 21 32 s 1095-A lines 21 32 column A amount from line 8b or alternative marriage d Monthly maximum f Monthly advance e Monthly premium tax January February March April May June July August September October November December Total premium tax credit. Enter the amount from line 11 e or add lines 12 e through 23 e and enter the total here Advance payment of PTC....Enter the amount from line 11 f or add lines 12 f through 23 f and enter the total here Net premium tax credit.

Instructions and Help about IRS 8962

How to edit IRS 8962

How to fill out IRS 8962

Instructions and Help about IRS 8962

How to edit IRS 8962

To edit IRS 8962, access the form through a reliable tax tool like pdfFiller. This platform allows users to make changes directly on the form, ensuring that all information is accurate before submission. Utilize the editing features to update personal details, income information, or adjustments related to premium tax credits.

How to fill out IRS 8962

To fill out IRS 8962 correctly, gather necessary financial documents such as your previous year’s tax return and Form 1095-A. Follow these steps:

1. Enter your personal information at the top of the form, including name and Social Security number.
2. Report the figures from Form 1095-A in sections pertaining to your health insurance coverage.
3. Calculate your premium tax credit using the appropriate formulas included in the instructions.
4. Review the completed form for accuracy before submitting it with your tax return.

FAQ about IRS 8962

What should I do if I realize I've made a mistake on my IRS 8962 after filing?

If you've filed your IRS 8962 and discover an error, you can correct it by filing an amended return using Form 1040-X. Ensure you attach the corrected IRS 8962. It's important to track the amendment process and verify that the IRS has received your updated form to avoid any potential issues.

How can I verify if my IRS 8962 has been processed smoothly by the IRS?

You can check the status of your IRS 8962 by using the IRS 'Where's My Refund?' tool if you filed a return with a refund claim. For e-filed returns, you may also receive email notifications from your tax software provider about processing status and any rejections that occur.

Are there any common mistakes individuals make when submitting their IRS 8962?

A frequent error on the IRS 8962 includes mismatches in premium tax credit calculations against Form 1095-A data. It's crucial to cross-check these numbers accurately. Additionally, omitting required information can lead to processing delays.

What actions should I take if I receive a notice from the IRS regarding my IRS 8962?

If you receive a notice from the IRS concerning your IRS 8962, first read the correspondence carefully to understand the issue. Prepare any necessary documentation that supports your case and respond promptly, providing detailed answers to the IRS inquiries.

What should I consider regarding the security of my personal data when filing IRS 8962 electronically?

When e-filing your IRS 8962, ensure that you use reputable tax software that complies with IRS security standards. Look for features like e-signature acceptability and data encryption to protect your personal information throughout the process.