Steps to Fill out Online 8962 IRS Form
An individual needs 8962 Form to claim the Premium Tax Credit. It is used
to report your credit amount on your tax return and reconcile the advance
credit payments made on your behalf.
You can apply digital IRS form 8962 to learn your PTC amount. To speed the
process try out online blanks in PDF. It’s only required to fill empty
fields with your data. Work via any of your device (PC, tablet, smartphone)
with any OS (iOS, Android, Windows, Linux).
Open the blank sample and pay attention to the field labels in order to
provide appropriate and correct information. Read the instruction below to
learn the sequence of the document filling.
Provide the name as shown in your return and your social security
number at the top of the sheet.
Start filling out Part I. Write the number of exemptions from 1040
Form or 1040A Form. Indicate the amounts related to modified AGI.
In order to get Household income, enter the amounts on lines 2a, 2b
and 3. Complete fields from 4 to 8 with corresponding data.
In Part III choose the appropriate option on lines 9 and 10. Then
proceed to line 11 and fill it out with the annual totals. In the
next table provide the monthly amounts. Lines from 12 to 23 are
intended for amounts. Below indicate the Total premium tax credit,
Advance payment of PTC and Net premium tax credit from field 24 to
On line 27 specify Excess advance payment of PTC. The Repayment
limitation has to be provided under 28.
Indicate the shared policy allocations in Part IV from line 30 to
33. There are subparagraphs to complete with the Policy Number, SSN
of other taxpayer, the Allocation start month and the Allocation
stop month, the Premium Percentage, the SLCSP Percentage and the
Advance Payment of the PTC Percentage.
Part V requires information about the Alternative entries for your
SSN and for your spouse’s SSN.
Check all the provided information and correct mistakes if found any. Make
sure that you have entered only truthful and correct data. Incorrect
applications may lead to many different disagreeables. Download the created
IRS 8962 Form to your device and forward it via email, fax or sms. If
necessary, print out the document.