What Is Form 8962? The purpose of Form 8962 is to allow filers to calculate their Premium Tax Credit (PTC) amount with their federal income tax return.

The Internal Revenue Service is suspending a requirement for taxpayers who received too much on their advance payments for the Premium Tax Credit last year to repay the excess amount.

Filing taxes electronically offers convenience, but errors can lead to rejections. A common issue is the absence of Form 8962, crucial for those who received Advance Premium Tax Credit (APTC ...

According to the notice Schenker received, people who have already filed their 2019 tax return and Form 8962 don't need to take any action. Straw recommends a more hands-on approach.