Instructions For Form 8962 - Premium Tax Credit (Ptc)

Who Must File

for part or all of the premiums for a qualified health plan covering

you or an individual in your tax family. Your APTC eligibility is

You must file Form 8962 with your income tax return (Form

based on the Marketplace’s estimate of the PTC you will be able

1040, Form 1040A, or Form 1040NR) if any of the following

to take on your tax return. If APTC was paid for you or an

apply to you.

individual in your

tax

family, you must file Form 8962 to reconcile

You are taking the PTC.

(compare) this APTC with your PTC. If the APTC is more than

APTC was paid for you or another individual in your

tax

family.

your PTC, you have excess APTC and you must repay the

APTC was paid for an individual (including you) for whom you

excess, subject to certain limitations. If the APTC is less than

told the Marketplace you would claim a personal exemption and

the PTC, you can get a credit for the difference, which reduces

neither you nor anyone else claims a personal exemption for that

your tax payment or increases your refund.

individual. See

Individual you enrolled for whom no taxpayer will

Note. The Marketplace determined your eligibility for and the

claim a personal exemption

under Lines 12 through 23—Monthly

amount of your 2017 APTC using projections of your income and

Calculation, later.

your number of personal exemptions when you enrolled in a

qualified health

plan. If this information changed during 2017 and

If any of the circumstances above apply to you, you must file

you did not promptly report it to the Marketplace, the amount of

an income tax return and attach Form 8962 even if you are not

APTC paid may be substantially different from the amount of

otherwise required to file. You must use Form 1040, Form

PTC you can take on your tax return. See

Report changes in

1040A, or Form 1040NR. For help determining which of these

circumstances when you re-enroll in coverage and during the

forms to file, see Tax Topic 352 at IRS.gov/TaxTopics.

year, earlier, for changes that can affect the amount of your PTC.

If you are filing Form 8962, you cannot file Form

Deductions for health insurance premiums. You cannot

1040EZ, Form 1040NR-EZ, Form 1040-SS, or Form

deduct the portion of your health insurance premium on your tax

1040-PR.

CAUTION

return that is paid for by the PTC or APTC (after you determine

how much of any excess APTC you must repay). If you are

If someone else enrolled an individual in your tax family in

deducting medical expenses as an itemized deduction, see Pub.

coverage, and APTC was paid for that individual’s coverage, you

502, Medical and Dental Expenses. If you are claiming the

must file Form 8962 to reconcile the APTC. You need to obtain a

self-employed health insurance deduction, see Pub. 974,

copy of the Form 1095-A from the person who enrolled the

Premium Tax Credit.

individual.

Form 1095-A, Health Insurance Marketplace Statement.

If you are claimed as a dependent on another person's

You will need Form 1095-A to complete Form 8962. The

tax return, the person who claims you will file Form 8962

TIP

Marketplace uses Form 1095-A to report certain information to

to take the PTC and, if necessary, repay excess APTC

the IRS about individuals who enrolled in a

qualified health plan

for your coverage. You do not need to file Form 8962.

through the Marketplace. The Marketplace sends copies to

individuals to allow them to accurately file a tax return taking the

Who Can Take the PTC

PTC and reconciling APTC. For coverage in 2017, the

Marketplace is required to provide or send Form 1095-A to the

You can take the PTC for 2017 if you meet the conditions under

individual(s) identified in the Marketplace enrollment application

(1) and (2) below.

by January 31, 2018. If you are expecting to receive Form

1. For at least one month of the year, all of the following

1095-A for a qualified health plan and you do not receive it by

were true.

early February, contact the Marketplace.

a. An individual in your

tax family

was enrolled in a

qualified

Under certain circumstances, for example, where two

health plan

offered through the Marketplace on the first day of

spouses enroll in a qualified health plan and divorce during the

the month.

year, the Marketplace will provide Form 1095-A to one taxpayer,

b. That individual was not eligible for minimum essential

but another taxpayer also will need the information from that

coverage (MEC) for the month, other than coverage in the

form to complete Form 8962. The recipient of Form 1095-A

individual market. An individual is generally considered eligible

should provide a copy to other taxpayers as needed.

for MEC for the month only if he or she was eligible for every day

VOID BOX. If you received a Form 1095-A with the void box

of the month (see

Minimum essential coverage

(MEC), later).

checked at the top of the form, that means you previously

c. The portion of the

enrollment premiums

(described later)

received a Form 1095-A for the policy shown in Part I that was

for the month for which you are responsible was paid by the due

sent in error. You should not have received a Form 1095-A for

date of your tax return (not including extensions). However, if

the policy shown in Part I of the Form 1095-A. Do not use the

you became eligible for APTC because of a successful eligibility

information on the Form 1095-A with the void box checked or the

appeal and you retroactively enrolled in the plan, then the

previously received Form 1095-A to complete Form 8962.

portion of the enrollment premium for which you are responsible

CORRECTED BOX. If you receive a Form 1095-A with the

must be paid on or before the 120th day following the date of the

corrected box checked at the top of the form, use the information

appeals decision.

on the Form 1095-A with the corrected box checked to figure the

PTC and reconcile any APTC on Form 8962. Do not use the

2. You are an

applicable taxpayer

for 2017. To be an

information on the original Form 1095-A you received for the

applicable taxpayer, you must meet all of the following

policy shown in Part I of the corrected Form 1095-A.

requirements.

a. Your

household income

for 2017 is at least 100% but no

Additional information. For additional information on the PTC,

more than 400% of the federal poverty line for your family size

see Pub. 974, Premium Tax Credit. You also can visit

IRS.gov

(see the instructions for

Line

4, later). However, having

and enter “premium tax credit” in the search box.

household income below 100% of the federal poverty line will not

Also see

How To Avoid Common Mistakes in Completing

disqualify you from taking the PTC if you meet certain

Form 8962

at the end of these instructions.

requirements described under

Household income below 100%

of the federal poverty

line, later.

b. No one can claim you as a dependent on a tax return for

2017.

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Instructions for Form 8962 (2017)

Instructions For Form 8962 - Premium Tax Credit (Ptc) - 2017 Page 2

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