8962

Premium Tax Credit (PTC)

Agency
IRS
Revision
2025
Fillable fields
141
Pages
2
Official source
IRS form page
Checked
October 14, 2026
Fill 8962 online
Page 1 of form 8962

Form 8962: Premium Tax Credit (PTC)

Form 8962 is how you figure the premium tax credit and reconcile it with any advance payments of that credit. If you bought health insurance through the Marketplace and the government paid part of your monthly premium in advance, this form compares what was paid with what you were actually entitled to.

If you were entitled to more than was paid, the difference reduces your tax or increases your refund. If you were paid more than you were entitled to, the excess may have to be repaid with your return, and the instructions have a table that limits repayment for some incomes.

You attach the form to Form 1040, 1040-SR or 1040-NR. The numbers come from Form 1095-A, which the Marketplace sends you.

Page 1 of Form 8962, Premium Tax Credit, with Part I beside a Form 1095-A

What's on Form 8962

Part I: Annual and monthly contribution amount

Lines 1 through 8b figure your tax family size, modified adjusted gross income, household income as a percentage of the poverty line, the applicable figure and your monthly contribution amount.

Part II: Premium tax credit claim and reconciliation

Line 9 asks about allocating policy amounts. Line 10 decides whether you use annual totals on line 11 or monthly figures on lines 12 through 23. Lines 24 through 26 compare the credit with the advance payments you received.

Part III: Repayment of excess advance payment

Lines 27 through 29 compute the excess, apply the repayment limit from Table 5 when it applies, and give the amount you repay.

Part IV: Shared policy allocation

Use it when a plan covered people in more than one tax family, such as after a divorce or when spouses file separately.

Part V: Alternative calculation for year of marriage

An optional calculation for people who married in 2025 that may reduce the excess advance payment you must repay.

How to fill out Form 8962

  1. 1

    Find your Form 1095-A

    The Marketplace should send it by January 31, 2026. Use the version marked CORRECTED if you received one, and ignore any marked VOID.

    Form 8962 line 11 column headings that take amounts from Form 1095-A lines 33A, 33B and 33C
  2. 2

    Complete Part I

    Enter your tax family size and income. The form then gives your percentage of the poverty line and monthly contribution amount.

    Form 8962 Part I with family size and income entered, sample values
  3. 3

    Choose annual or monthly on line 10

    If you had full-year coverage with unchanged premiums and SLCSP amounts on Form 1095-A, you may check Yes and use line 11 with the annual amounts from Form 1095-A, line 33. Otherwise check No and fill in lines 12 through 23.

    Form 8962 line 10 asking whether to use annual line 11 or monthly lines 12 to 23, with No checked, sample values
  4. 4

    Fill in the monthly columns

    Column (a) is the monthly enrollment premium, (b) the applicable second lowest cost silver plan premium, (c) your monthly contribution amount, (d) column (b) minus (c) not below zero, (e) the smaller of (a) or (d), and (f) the monthly advance payment.

    Form 8962 monthly columns (a) to (f) filled for one month, sample values
  5. 5

    Total the columns

    Line 24 totals column (e), and line 25 totals column (f).

    Form 8962 line 24 totaling column (e) and line 25 totaling column (f), sample values
  6. 6

    Net credit or repayment

    If line 24 is larger, line 26 is your net credit and it goes to Schedule 3 (Form 1040), line 9. If line 25 is larger, move to Part III. You can fill this form free on this page.

    Form 8962 line 26 net premium tax credit that carries to Schedule 3 line 9, sample values
  7. 7

    Check the repayment cap

    Line 29 is the smaller of the excess on line 27 and the cap on line 28. If line 5 is 400 or more, the cap does not apply and line 28 stays blank. The repayment goes to Schedule 2 (Form 1040), line 1a.

    Form 8962 lines 27 to 29 for the excess advance payment, the repayment limitation and the repayment

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Deadlines, fees and where to send Form 8962

Deadline

Form 8962 is filed with your income tax return, so it is due when the return is due.

Where it goes

Attach it to Form 1040, 1040-SR or 1040-NR. E-filing software carries it with the return.

Cost

The form is free from the IRS.

Keep Form 1095-A

The form's numbers come from it, so keep every copy including corrected versions.

Common mistakes

Using a VOID Form 1095-A, skipping the form when advance payments were made, entering annual totals when the premium changed during the year and forgetting policy shares after a divorce are frequent errors.

Related forms

Who needs to file Form 8962?

  • People who received advance payments

    The instructions say you must file if advance payments of the premium tax credit were paid for anyone in your tax family.

  • People who want to claim the credit

    You file if you claim the premium tax credit, even if no advance payments were made.

  • People named on the Marketplace application but left off a tax family

    You also file if advance payments were made for someone you told the Marketplace would be in your tax family but who was not included in any tax family.

  • People who otherwise would not file a return

    The instructions say you must file an income tax return even if you wouldn't otherwise need to. Form 1040-SS can't be used.

  • Who can take the credit

    You generally need at least one family member enrolled in a Marketplace qualified health plan for at least one month with the premium paid, no one claiming you as a dependent, and household income at least 100% of the federal poverty line, with special rules for lower incomes. If married, you generally file jointly.

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Questions about Form 8962

Do I need Form 8962 if I only had Marketplace insurance with no advance payments?

You file it only if you want to claim the premium tax credit. If advance payments were made for anyone in your tax family, you must file it either way.

Where do I get the numbers?

From Form 1095-A, which the Marketplace should send by January 31.

What if I got a corrected Form 1095-A?

Use the corrected version. Ignore any form marked VOID.

Do I have to repay excess advance payments?

The excess may be repaid, but the repayment can be limited by Table 5 in the instructions depending on your income.

What if I married during the year?

Part V offers an optional alternative calculation that may reduce the excess you must repay.

Can I file it without a tax return?

No. The instructions say you must file an income tax return to claim the credit or reconcile advance payments.