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.This form includes details about the Marketplace insurance you and household members had in 2023. You’ll need it to complete Form 8962, Premium Tax Credit.
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.