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Printed on April 4, 2024
“reconcile” your tax credit score
In case you (or anybody in your family) certified for or used the premium tax credit score to decrease your Market plan premium at any level in 2023:
- You’ll use your Kind 1095-A to fill out IRS Kind 8962, Premium Tax Credit score (PDF, 110 KB) to reconcile your 2023 premium tax credit score once you file your taxes.
- Any distinction between the quantity of premium tax credit score you used final 12 months and the premium tax credit score you truly qualify for based mostly in your ultimate earnings will have an effect on your refund or taxes you owe.
- Report any variations in your taxes and embody Kind 8962 once you file.
- Get step-by-step instructions on reconcile.
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