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Official form guide
Form 8962: Premium Tax Credit
Form 8962 is the Premium Tax Credit (PTC) worksheet used to calculate the credit you may claim for health insurance purchased through the Marketplace. File it with your individual income tax return when you received advance PTC or want to claim the credit.
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IRS Form 8962 - Premium Tax Credit
Form 8962 is the Premium Tax Credit (PTC) worksheet used to calculate the credit you may claim for health insurance purchased through the Marketplace. File it with your individual income tax return when you received advance PTC or want to claim the credit.
Risk Radar
Scan points- 1A single dollar error can force you to repay the entire advance credit.
- 2Incorrect household income leads to wrong credit amount
- 3Missing or mis‑entered months of coverage
- 4Using the wrong tax year version of Form 8962
- 5Failing to include all advance credit payments from Form 1095‑A
Plain English
If you bought health coverage on the ACA exchange and got money from the government to lower your premiums, you need this form to figure out the exact credit you’re owed or have to repay. It’s attached to your 1040, 1040‑SR, or 1040‑NR.
Submission Date
- Filing date: Attach Form 8962 to your tax return for the year you had Marketplace coverage, typically filed by April 15 of the following year.
- Preparation window: collect IDs, supporting records, and signatures in advance.
- Final review: verify names, dates, and required fields before submission.
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What this form is for
- Use when you received advance premium tax credits.
- Do not use if you had no Marketplace coverage.
- Check Form 1095‑A for the correct advance credit amounts.
Form selector
Use this form or another form?
No advance credit received
Credit is claimed directly on 1040 line 9
✓ Verify you truly had no advance payments
Coverage through employer
Employer‑sponsored coverage is not eligible for PTC
✓ Confirm you were not on the exchange
Deadline or filing window
Form 8962 must be filed with your 2024 return by the regular individual filing deadline, typically April 15 2025, unless you obtain an extension. If you file for an extension, the form is due when you submit the extended return.
- —Household income | Adjusted Gross Income × (household size factor) | Applicable figure | Ensure correct tax year brackets
Checklist
What you need before filling it out
Part I – Household income
Tax return AGI · Form 1040 line 11
Form 1095‑A – Advance credit amount
Monthly advance credit column · 1095‑A box 14
Part II – Advance credit received
Sum of all 1095‑A entries · Calculated total
Part III – Final credit
Formula from IRS tables · Credit amount
Before you submit
- 1Confirm you have a complete Form 1095‑A
- 2Verify household size and income match your tax return
- 3Check that all months of Marketplace coverage are listed
- 4Re‑calculate advance credit totals and compare to 1095‑A
- 5Validate Part III math against IRS tables
- 6Attach Form 8962 to your 1040/1040‑SR/1040‑NR
- 7If e‑filing, ensure software includes Form 8962 in the upload
- 8Retain a copy of Form 1095‑A and the completed Form 8962 for records
How to file this form
- 1Log into approved tax software and select “Add Form 8962”.
- 2Enter data from Form 1095‑A into Part I and Part II fields.
- 3Enter household income and family size; let the software compute the applicable figure.
- 4Review the automatically calculated Part III credit or repayment.
- 5Save and attach the completed Form 8962 to your 1040 return.
- 6Submit the return electronically or mail the paper package to the IRS address indicated in the instructions.
Known limitations
- 1Software may not auto‑populate 1095‑A if you received it in paper form.
- 2IRS tables change annually; using an older edition yields incorrect credit.
- 3The form does not accept self‑calculated credits for non‑Marketplace coverage.
- 4No built‑in error‑checking for mismatched months of coverage.
Field map
Compact field-by-field guide
Part I
2 items
Modified AGI of all household members who must file a return.
Number of people in your tax household, used to determine Federal Poverty Level percentage.
Part II
1 items
Monthly premium amounts and advance payments received (from Form 1095-A).
Part III
1 items
If your actual income was higher than estimated, you may owe back some advance payments. Caps apply based on income.
Almost done reviewing the fields?
Fillable formOpen in Editor->The 2024 tax year edition (rev. January 2024) is the current version. Check the IRS website for any later updates before filing.
What changed or needs a fresh check
- Edition date: January 2024 (verify on IRS.gov)
- Fee: none (no filing fee)
- Mailing address: see Form 8962 instructions for your state
- Electronic filing: supported by most tax software
- Paper size: 8.5" × 11"
- Signature: required on the attached 1040, not on Form 8962 itself
Quick Facts
Downloads
After you file
- 1Keep the original Form 1095‑A and the completed Form 8962 for at least three years.
- 2Monitor any IRS notices for adjustments to your credit or repayment.
- 3If you receive a repayment notice, verify the calculation against your records.
- 4Update your income estimates for the next year to avoid over‑receiving advance credits.
- 5Store a digital copy of the filed return for easy reference.
Sources
- SRCIRS Form 8962 instructionsdescription of purpose
- SRCIRS Publication 974Premium Tax Credit details
- SRCIRS website2024 edition release date
- SRCForm 1095‑Asource of advance credit amounts
- SRCIRS filing deadline calendarApril 15 deadline
- SRCNot clearly stated in the provided official sourcefee information (but known to be none)
- SRCNot clearly stated in the provided official sourceexact mailing address per state
Common confusion points
Advance credit vs. final credit
Users think the amount on 1095‑A is the credit they keep
→ Compare advance totals to final credit calculation
Household size definition
Includes dependents, not just tax filing status
→ Count all individuals covered by the plan
Months of coverage
Partial‑year coverage can be tricky
→ Ensure each month is entered correctly
Tax year mismatch
Using 2023 form for 2024 return
→ Verify edition date on the form
Software auto‑fill errors
Programs may pull wrong AGI
→ Double‑check AGI against Form 1040 line 11
Workflow map
Related forms and next steps
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