WebJan 13, 2024 · A 12C letter means the IRS needs more information to process your return. Usually, you need to provide Form 8962- Premium Tax Credit. This form is required when someone on your tax return had health insurance in 2024 through Healthcare.gov (or a state marketplace) and took the Advance Premium Tax Credit to lower their monthly premium. WebThe premium tax credit you actually qualify for based on your final income for the year. Any difference between the two figures will affect your refund or tax owed. You should get your Form 1095-A in the mail by mid …
Advance premium tax credit (APTC) - Glossary HealthCare.gov
WebSelf employed mileage deduction and Premium tax credit. Last year I worked as a delivery driver for Uber Eats and Doordash, and a rideshare driver not affiliated with any platform (getting paid to drive friends to work). I did not receive any 1099s, this is all self reported income. I also took advance payments of the premium tax credit. WebApr 9, 2024 · The IRS will reimburse people who have already repaid any excess advance Premium Tax Credit on their 2024 tax return. I received a letter about a missing form 8962. What should I do? Taxpayers who received a letter about a missing Form 8962 should disregard the letter if they have excess APTC for 2024. The IRS will process the returns … how does debt review affect you
I had a marketplace plan with premium tax credits in 2024, but my …
WebApr 7, 2024 · You will need Form 1095-A to get the benefits of the premium tax credit using Form 8962, Premium Tax Credit (PTC). You’ll also need Form 1095-A if you received advance payments of the premium tax credit during the previous year. The advance payments reduce your out-of-pocket costs for insurance every month. You do not need to … WebFor tax years 2024 and 2024, the American Rescue Plan Act of 2024 (ARPA) temporarily expanded eligibility for the premium tax credit by eliminating the rule that a taxpayer with … WebFeb 25, 2024 · You need to complete Form 8962 if you wish to claim a premium tax credit on your tax return, or you received advance payments of premium tax credits during the year. Form 8962 is used along with ... photo edit karne wala