If you had Marketplace coverage and used the premium tax credit to lower your monthly plan premiums, you must file this tax form with your federal income tax return. You’ll use this form to
How you find out if you used the right amount of premium tax credit during the year. To reconcile, you compare two amounts: the premium tax credit you used in advance during the year; and the amount of tax credit you qualify for based on your final income. You’ll use IRS Form 8962 to do this. If you used more premium tax credit than you qualify for, you’ll pay the difference with your federal taxes. If you used less, you’ll get the difference as a credit.
Refer to glossary for more details.
— to find out if you used more or less of the premium tax credit than you qualify for.
You’ll need to use this tool when filing your 2023 taxes only if the information on your tax Form 1095-A about your “second lowest cost Silver plan” (SLCSP) is missing or incorrect. Find out if this applies to you.