Reconcile Your Premium Tax Credit Instantly
Did you buy health insurance through the Marketplace? Complete IRS Form 8962 accurately to claim your credit or reconcile advance payments—without the tax jargon.
Start Form 8962 NowQuick start: Have your Form 1095-A and AGI ready before you begin.
What is IRS Form 8962?
IRS Form 8962 is used to calculate your Premium Tax Credit (PTC) and reconcile it with any Advance Premium Tax Credit (APTC) you received during the year. If you or a family member enrolled in a health plan through the Health Insurance Marketplace (like Healthcare.gov or a state exchange), the government may have paid part of your premiums directly to your insurance company to lower your monthly costs.
Who Must File?
You MUST file Form 8962 with your 2026 tax return if anyone in your tax family received advance payments of the premium tax credit, or if you plan to claim the premium tax credit for the first time. Failing to file can delay your tax refund and jeopardize future health coverage assistance.
How It Works
Open Form Online
Launch our secure online editor directly in your browser. No software downloads required.
Fill with AI Assistance
Transfer numbers from your 1095-A easily with our smart field prompts and automatic formatting.
Review & Sign
Verify your calculations and securely e-sign the document before finalizing.
Download PDF
Get your print-ready PDF instantly to attach to your 1040 tax return or share with your CPA.
Checklist: What You'll Need
Form 8962 Section Breakdown
Part I: Annual and Monthly Contribution Amount
This section determines your household income as a percentage of the federal poverty line. It calculates how much you are expected to contribute to your healthcare costs based on your family size and income level.
Part II: Premium Tax Credit Claim and Reconciliation
Here, you'll transfer data from your Form 1095-A. You'll compare the advance payments made to your insurer against the actual credit you qualify for based on your final year-end income.
Part III: Repayment of Excess Advance Payment
If your income was higher than estimated when you applied for insurance, you may have received too much subsidy. This section calculates if you need to repay some of those advance payments back to the IRS.