Instructions For Form 8962 - Premium Tax Credit (Ptc)

applies to you) and 29. Enter the amount from line 29 on your

If line 25 is greater than line 24, leave line 26 blank and go to

Form 1040, line 46; Form 1040A, line 29; or Form 1040NR,

Part III.

line 44.

Part III—Repayment of Excess

Example. Melissa and Ryan have been married since 2015

Advance Payment of the Premium

and have no dependents. They were enrolled under the same

qualified health plan from January through April 2017. Monthly

Tax Credit

APTC of $1,000 was paid for them, for a total of $4,000. In April

Ryan took a new job and enrolled in his employer’s coverage for

Complete this part to figure the amount of excess APTC you

May through December. Melissa enrolled in single coverage

must repay.

from May through December. Monthly APTC of $400 was paid

for her, for a total of $3,200. Melissa and Ryan lived apart for

Line 27

most of 2017 and each filed a separate return for 2017.

If line 25 is greater than line 24, subtract line 24 from line 25 and

At the end of the year, Melissa or Ryan will receive a Form

enter the result.

1095-A reporting their coverage for January through April. The

recipient of the Form 1095-A should provide a copy to the

Line 28

non-recipient. Melissa will receive a Form 1095-A reporting her

The excess APTC you must repay may be limited to the amounts

coverage for May through December. Because Melissa and

Table 5

next. Enter the appropriate amount from Table 5 on

Ryan are married but not filing a joint return and neither

line 28. If you were married at the end of 2017 but are filing

Exception 1—Certain married persons living apart

nor

Exception

separately from your spouse, the repayment limitations shown in

2—Victim of domestic abuse or spousal abandonment

applies,

Table 5 apply to you and your spouse separately based on the

neither spouse is allowed a PTC for 2017. According to

Table

household income reported on each return.

they follow the rules under

Allocation Situation 2. Taxpayers

married at year end but filing separate returns

to allocate the

Excess APTC not limited to amounts in Table 5. In the

APTC for the January through April coverage. (The other policy

following situations, excess APTC is not limited to the amounts

amounts are not allocated because neither spouse is allowed a

in Table 5. A different repayment limitation may apply or there

PTC.) Under

Allocation Situation 2. Taxpayers married at year

may be no repayment limitation.

end but filing separate

returns, 50% of the $4,000 APTC

Leave line 28 blank and enter the amount from line 27 on

($2,000) is allocated to Melissa and 50% is allocated to Ryan.

line 29 if any of the following situations apply to you.

Melissa must add this amount to her APTC of $3,200 for her

Your entry on Form 8962, line 5, is 400 or 401.

single coverage. She enters the monthly amounts on lines 12–

You are electing to take the Health Coverage Tax Credit

23, column (f) ($500 for January through April and $400 for May

(HCTC) on Form 8885 for at least one month of the year for

through December), and the total of $5,200 on Form 8962, lines

individual(s) who were also enrolled in a qualified health plan

25 and 27. She then completes lines 28 (if it applies to her) and

offered through the Marketplace for at least one other month of

29. Melissa enters the amount from line 29 on the applicable line

the year and you did not receive the benefit of advance monthly

of her tax return.

payments of the HCTC for those individual(s) during the year.

Ryan enters the monthly amounts allocated to him on Form

You are electing to take the HCTC on Form 8885 for at least

8962, lines 12–15, column (f) ($500 for January through April),

one month of the year for individual(s) who were also enrolled in

and the total of $2,000 on lines 25 and 27. He then completes

a qualified health plan offered through the Marketplace for at

lines 28 (if it applies to him) and 29. Ryan enters the amount

least one other month of the year, you also received the benefit

from line 29 on the applicable line of his tax return.

of advance monthly payments of the HCTC (as shown on Form

Individual you enrolled for whom no taxpayer will claim a

1099-H) for those individual(s) during the year, and your entry on

personal exemption. If you indicated to the Marketplace at

Form 8962, line 24, is zero or blank.

enrollment that you would claim the personal exemption for an

You are not electing to take the HCTC on Form 8885 for any

individual (including yourself) but no taxpayer claims a personal

month of the year, you received the benefit of advance monthly

exemption for the individual, you must report any APTC paid for

payments of the HCTC for at least one month of the year for

that individual's coverage. Follow the rules in

Column

(f), earlier,

individual(s) who were also enrolled in a qualified health plan

to report this APTC.

offered through the Marketplace for at least one other month of

the year, and your entry on Form 8962, line 24, is zero or blank.

Line 24

If you received the benefit of advance monthly payments of

Enter the amount from line 11(e) or add lines 12(e) through 23(e)

the HCTC for one or more month(s) of the year for individual(s)

and enter the total.

who were also enrolled in a qualified health plan offered through

the Marketplace for at least one other month of the year and your

Line 25

entry on Form 8962, line 24, is greater than zero, follow special

instructions for line 28 under Participants in a Health Insurance

Enter the amount from line 11(f) or add lines 12(f) through 23(f)

Marketplace in the Form 8885 instructions. Complete Form 8885

and enter the total.

before completing line 28.

Line 26

If you are self-employed and are claiming the self-employed

health insurance deduction, see Self-Employed Health

If line 24 is greater than line 25, subtract line 25 from line 24 and

Insurance Deduction and PTC in Pub. 974 for the amount to

enter the result on line 26. This result is the amount of your PTC

enter on line 28.

that is more than the APTC paid, your net PTC. This amount will

reduce the amount of tax you must pay with your tax return or

If APTC was paid for the coverage in a qualified health plan of

increase your refund. Also enter the amount from line 26 on

an individual who was not lawfully present, the repayment

Form 1040, line 69; Form 1040A, line 45; or Form 1040NR,

limitation does not apply to APTC paid for individuals who are

line 65. Skip lines 27 through 29. If line 24 is equal to line 25,

not lawfully present. See Individuals Not Lawfully Present in the

enter -0- on line 26 and skip lines 27 through 29.

United States Enrolled in a Qualified Health Plan in Pub. 974 for

more information. Pub. 974 provides a calculation necessary to

If you elected the alternative calculation for year of marriage,

figure the repayment limitation if an individual not lawfully

and line 24 is greater than line 25, enter -0- on line 26 and skip

lines 27 through 29.

-15-

Instructions for Form 8962 (2017)

Instructions For Form 8962 - Premium Tax Credit (Ptc) - 2017 Page 15

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