How to File Form 8962 for 2022. Step-by-Step Guide on Premium Tax Credit

If a taxpayer signed up for health insurance through the marketplace, they likely received a Form 1095-A at the end of the year. You must use the information on Form 1095-A to complete IRS Form 8962.

Form 8962 reconciles the final amount of Premium Tax Credit available to the taxpayer with the amount of advanced premium credits received during the year.

Once the form is completed, a taxpayer will generally receive either an additional tax credit or be required to repay a portion of the advanced premium amounts. If a taxpayer fails to include Form 8962 with their tax return when they received a Form 1095-A, they might receive an IRS tax notice.

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