Get Irs 8962 2018

Filling out the IRS Form 8962, which is used to claim the Premium Tax Credit, can seem daunting. This guide will provide you with clear, step-by-step instructions to help you complete the form accurately and efficiently online.

Follow the steps to successfully complete your IRS Form 8962 online.

1. Press the ‘Get Form’ button to obtain the form and open it in your editor.
2. Fill in your name as shown on your tax return in the designated field.
3. Enter your Social Security number in the appropriate section.
4. For Part I, input your tax family size in the given field. This number should reflect all individuals who are part of your household.
5. Provide your modified adjusted gross income (AGI) in the next field, as well as the total modified AGI for your dependents.
6. Calculate your household income by adding the amounts on lines 2a and 2b and input this number.
7. Refer to the federal poverty line table to find the applicable federal poverty line amount for your household size and input this value.
8. If your household income exceeds 400% of the federal poverty line, indicate this by checking the appropriate box.
9. Using the percentage calculated in the previous steps, locate your applicable figure and input it accordingly.
10. Multiply your household income by the applicable figure to determine your annual contribution amount and enter this in the designated field.
11. Divide your annual contribution amount by 12 to determine the monthly contribution amount and input this value.
12. Proceed to Part II and decide if you need to allocate policy amounts or complete additional calculations based on your situation.
13. If applicable, fill in the details for up to four policy amounts in Part IV, following the specific instructions for allocation.
14. Complete any necessary calculations outlined in Part V if you qualify for the alternative calculation for the year of marriage.
15. Review your entries to ensure accuracy. Once confirmed, you may save your changes, download, print, or share the completed form.

Start filling out your IRS Form 8962 online today and ensure you maximize your Premium Tax Credit eligibility.