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If you filed your taxes without Form 8962, but need to include it, don’t amend your return. Wait until the IRS sends you a notice requesting the form. If you received a notice from the IRS requesting Form 8962, you’ll have to add a Form 1095-A to your return in TurboTax, print Form 8962, and mail it to the IRS.
If you have e-filed your return and gotten an IRS rejection code for Form 8962, it could be because there is a partial entry in your return or because they have information from Healthcare.gov about Marketplace insurance and are looking for a 1095-A on your return to match their records. This might be because you or someone on your return began ...
I’m getting the F8962-070 - The e-File database indicates that Form 8962 or a binary attachment with description containing "ACA Explanation" must be present in the return. After first rejection, I reinstalled Turbo Tax and visited the 1095-A section.
See the form in the link below. Form 8962 . If you purchased insurance through the marketplace and received a 1095-A, that must still be reported on your return.This will calculate the Net Premium Tax Credit on Form 8962. This form reconciles the amount of the credit available to you with the amount already received as an Advance Premium Tax ...
Regardless of which choice you make, when you enter the information from your 1095-A, we’ll calculate your Premium Tax Credit and prepare Form 8962 for you to file with your tax return. You must sign in to vote.
How do you fill out the 8962 for a child that is on your insurance but, files taxes and claims temselves Parents have already filed. The dependents return, just filed, came back requesting additional info.
Usually, you need to provide Form 8962 - Premium Tax Credit. This form is required when someone on your tax return had health insurance in 2023 through healthcare.gov (or a state marketplace) and took the Advance Premium Tax Credit to lower their monthly premium. We'll help you create (or correct) the form in TurboTax.
I did double check what you suggested, I am the primary poilicy holder and our earns are also correctly allocated. I also tried to modify the amount in w2 and change back. Nothing happened in form 8962. I double checked the instruction of form 8962 on IRS. And I am absolutely eligible to elect the alternative calculation for year of marriage.
Yes, the health insurance premiums deduction on Schedule A for premiums paid for Affordable Care Act insurance comes from the form 8962. The amount of premiums paid (Col A) in your example is 5559 minus the amount paid by premium tax credits (Col F) 3828 = 1731. Then add back the amount the taxpayer has to repay (1500) yields 3231.
I've read through the 8962 instructions and Pub. 974 and I'm still very confused about 8962 shared allocations. Here's my situation: I divorced in 2018. I am required to pay health insurance for both of our kids. I claim our daughter as dependent, my ex-spouse claims our son (50/50 custody arrangement).