Health coverage tax tool | HealthCare.gov
Summary: IRS Form 8962 is used to calculate the annual Premium Tax Credit and reconcile it with any advance payments received during the 2025 tax year.
Form 8962 (2025) is a mandatory tax document for individuals who received advance payments of the Premium Tax Credit (APTC) or who are claiming the Premium Tax Credit (PTC) for health insurance coverage purchased through the Health Insurance Marketplace. The form facilitates the reconciliation of advance payments against the actual credit allowed based on the taxpayer's annual household income and family size. It includes sections for annual and monthly contribution calculations, allocation of policy amounts for shared policies, and alternative calculations for the year of marriage.
Document outline
1. Part I: Annual and Monthly Contribution Amount 2. Part II: Premium Tax Credit Claim and Reconciliation of Advance Payment of Premium Tax Credit 3. Part III: Repayment of Excess Advance Payment of the Premium Tax Credit 4. Part IV: Allocation of Policy Amounts 5. Part V: Alternative Calculation for Year of Marriage