The Premium Tax Credit is a refundable credit that helps make health insurance purchased through the Health Insurance Marketplace more affordable for low to moderate income individuals and families.
If you chose to have this credit applied to your health insurance directly when you enrolled with the Health Insurance Marketplace, you must file a tax return to reconcile the amount of payments made on your behalf with the amount of your actual premium tax credit. You do this by filing Form 8962. You must file an income tax return for this purpose even if you are otherwise not required to file a return. In contrast, if you chose not to have this credit applied to your health insurance, you will have to file Form 8962 in order to claim this credit on your tax return.
If you obtained health insurance via the Health Insurance Markeyplace at any point in 2022, you will be mailed a 1095-A by mid-February, 2023. This form contains information needed to complete Form 8962. You must provide your 1095-A to your tax preparer or tax filing software.
If you already filed your 2022 return and were required to file Form 8962 in order to reconcile the credit you received toward your health insurance, but failed to do so, the IRS will generally put a hold on your tax refund and send you a letter requesting you to send them the missing form. If you received such a letter, you may use the tool below to help generate this form for you.
If you did not have the credit applied to your health insurance, but chose to claim it as a credit on your tax return, you will have to contact your tax preparer or tax filing software and have your tax return amended to include the Premium Tax Credit.