Hi guys,
I filed my tax return in January. However, instead of receiving a refund, the IRS sends me a letter telling me to fill out Form 8962 which deals with the Premium Tax Credit (PTC). This is the first year I have encountered this and filling it out is becoming more difficult than I thought. The IRS instructions are incredibly vague and simply are not as detailed as they should be.
I have received a 1095-A in regards to my healthcare, and have filled out "practice" 8962 forms and every time it is telling me that I will have to pay upwards of $700 back to the IRS. I am hoping that I am filling out the form wrong, but I just can't be sure. It upsets me because I feel like I am being penalized even though I have health insurance.
I could really use some help with this if anyone is willing to help me. Please PM me.
All the best
Andrew.
I filed my tax return in January. However, instead of receiving a refund, the IRS sends me a letter telling me to fill out Form 8962 which deals with the Premium Tax Credit (PTC). This is the first year I have encountered this and filling it out is becoming more difficult than I thought. The IRS instructions are incredibly vague and simply are not as detailed as they should be.
I have received a 1095-A in regards to my healthcare, and have filled out "practice" 8962 forms and every time it is telling me that I will have to pay upwards of $700 back to the IRS. I am hoping that I am filling out the form wrong, but I just can't be sure. It upsets me because I feel like I am being penalized even though I have health insurance.
I could really use some help with this if anyone is willing to help me. Please PM me.
All the best
Andrew.