Instructions For Form 8962 - Premium Tax Credit (Ptc)

c. If you were married at the end of 2017, generally you

health plan began after the 1st day of the month, you are not

must file a joint return. However, filing a separate return from

allowed a monthly credit amount for the coverage for that month.

your spouse will not disqualify you from being an applicable

However, if an individual in your tax family enrolled in a qualified

taxpayer if you meet certain requirements described under

health plan in 2017 and the enrollment was effective on the date

Married

taxpayers, later.

of the individual's birth, adoption, or placement for adoption or in

foster care, or on the effective date of a court order placing the

You are not entitled to the PTC for health coverage for an

individual with your family, the individual is treated as enrolled as

individual for any period during which the individual is not

of the first day of that month. Therefore, the individual may be a

lawfully present in the United States.

member of your tax family and coverage family for the entire

month for purposes of computing your monthly credit amount.

For additional requirements and more details, see

Applicable

Enrollment premiums. The enrollment premiums are the

taxpayer, later.

total amount of the premiums for the month, reduced by any

Terms You May Need to Know

premium amounts for that month that were refunded, for one or

qualified health plans

in which any individual in your

tax

Tax family. For purposes of the PTC, your tax family consists of

family

enrolled. Form 1095-A, Part III, column A, reports the

the individuals for whom you claim a personal exemption on your

enrollment premiums.

tax return (generally you, your spouse with whom you are filing a

You generally are not allowed a monthly credit amount for the

joint return, and your dependents). Your personal exemptions

month if any part of the enrollment premiums for which you are

are reported on your Form 1040 or Form 1040A, line 6d, or Form

responsible that month has not been paid by the due date of

1040NR, line 7d. Your family size equals the number of

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

individuals in your tax family (including yourself). If no one,

became eligible for APTC because of a successful eligibility

including you, claims a personal exemption for you, and you

appeal and you retroactively enrolled in the plan, the portion of

indicated to the Marketplace when you enrolled that you would

the enrollment premium for which you are responsible must be

claim your own personal exemption, see Pub. 974 for

paid on or before the 120th day following the date of the appeals

instructions on completing Form 8962.

decision. Premiums another person pays on your behalf are

treated as paid by you.

Household income. For purposes of the PTC, household

income is the modified adjusted gross income (modified AGI) of

If your share of the enrollment premiums is not paid, the

you and your spouse (if filing a joint return) (see

Line

2a, later)

issuer may terminate coverage. The termination is generally

plus the modified AGI of each individual whom you claim as a

effective no sooner than the second month of nonpayment. For

dependent and who is required to file an income tax return

any months you were covered but did not pay your share of the

because his or her income meets the income tax return filing

premiums, you are not allowed a monthly credit amount.

threshold (see

Line

2b, later). Household income does not

Applicable SLCSP premium. The applicable SLCSP

include the modified AGI of those individuals whom you claim as

premium is the second lowest cost silver plan premium offered

dependents and who are filing a 2017 return only to claim a

through the Marketplace where you reside that applies to your

refund of withheld income tax or estimated tax.

coverage family

(described earlier). The SLCSP premium is not

Modified AGI. For purposes of the PTC, modified AGI is the

the same as your

enrollment

premium, unless you enroll in the

AGI on your tax return plus certain income that is not subject to

applicable SLCSP. Form 1095-A, Part III, column B, generally

tax (foreign earned income, tax-exempt interest, and the portion

reports the applicable SLCSP premium. If no APTC was paid for

of social security benefits that is not taxable). Use

Worksheet

your coverage, Form 1095-A, Part III, column B, may be wrong

1-1

and

Worksheet

1-2, later, to determine your modified AGI.

or blank or may report your applicable SLCSP premium as -0-.

Taxpayer’s tax return including income of a dependent

Also, if you had a change in circumstances during 2017 that you

child. A taxpayer who includes the gross income of a

did not report to the Marketplace, the SLCSP premium reported

dependent child on the taxpayer’s tax return must include on

in Part III, column B, may be wrong. In either case you must

Worksheet 1-2 the child’s tax-exempt interest and the portion of

determine your correct applicable SLCSP premium. You do not

the child’s social security benefits that is not taxable.

have to request a corrected Form 1095-A from the Marketplace.

See

Missing or incorrect SLCSP premium on Form

1095-A, later.

Coverage family. Your coverage family includes all individuals

Monthly contribution amount. Your monthly contribution

in your

tax family

who are enrolled in a

qualified health plan

and

amount is used to calculate your monthly credit amount. It is the

are not eligible for

MEC

(other than coverage in the individual

amount of your household income you would be responsible for

market). The individuals included in your coverage family may

paying as your share of premiums each month if you enrolled in

change from month to month. If an individual in your tax family is

the

applicable

SLCSP. It is not based on the amount of

not enrolled in a qualified health plan, or is enrolled in a qualified

premiums you paid out of pocket during the year. You will

health plan but is eligible for MEC (other than coverage in the

compute your monthly contribution amount in Part I of Form

individual market), he or she is not part of your coverage family.

8962.

Your PTC is available to help you pay only for the coverage of

the individuals included in your coverage family.

Qualified health plan. For purposes of the PTC, a qualified

health plan is a health insurance plan or policy purchased

Monthly credit amount. The monthly credit amount is the

through a Marketplace at the bronze, silver, gold, or platinum

amount of your tax credit for a month. Your PTC for the year is

level. Throughout these instructions, a qualified health plan also

the sum of all of your monthly credit amounts. Your credit

is referred to as a policy. Catastrophic health plans and

amount for each month is the lesser of:

stand-alone dental plans purchased through the Marketplace,

The

enrollment premiums

(described next) for the month for

and all plans purchased through the Small Business Health

one or more

qualified health plans

in which you or any individual

Options Program (SHOP), are not qualified health plans for

in your

tax family

enrolled; or

purposes of the PTC. Therefore they do not qualify a taxpayer to

The amount of the monthly

applicable second lowest cost

take the PTC.

silver plan (SLCSP) premium

(described below) less your

monthly contribution amount

(described below).

Minimum essential coverage (MEC). A separate tax

provision requires most individuals to have qualifying health

To qualify for a monthly credit amount, at least one individual

coverage, qualify for a coverage exemption, or make a payment

in your tax family must be enrolled in a qualified health plan on

with their tax return. Health coverage that satisfies this

the 1st day of that month. Generally, if coverage in a qualified

-3-

Instructions for Form 8962 (2017)

Instructions For Form 8962 - Premium Tax Credit (Ptc) - 2017 Page 3

Related Articles

Related forms

Related Categories