The time to file taxes is almost over. Here’s what to know

Date:

Share post:


Published on April 4, 2024

How to “reconcile” your tax credit

If you (or anyone in your household) qualified for or used the premium tax credit to lower your Marketplace plan premium at any point in 2023: 

  • You’ll use your Form 1095-A to fill out IRS Form 8962, Premium Tax Credit  (PDF, 110 KB) to reconcile your 2023 premium tax credit when you file your taxes. 
  • Any difference between the amount of premium tax credit you used last year and the premium tax credit you actually qualify for based on your final income will affect your refund or taxes you owe.
  • Report any differences on your taxes and include Form 8962 when you file. 
  • Get step-by-step directions on how to reconcile.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Related articles

United Airlines Just Announced a Big Change for Passengers, and I Didn't Even Know This Was a Thing

This why I like writing about airlines. You learn something new every day.

Dinosaur fossil shatters auction records after an American buyer paid $45 million

The nearly complete fossilized remains of a stegosaurus fetched $44.6 million at auction Wednesday, Sotheby’s said. The buyer’s name...

Trump Falsely Claims Harris Used AI to Create Massive Crowd

Despite what former President Donald Trump claimed on Truth Social on...

STARTUP STATISTICS – The Numbers You Need to Know

The road to startup success is paved with frustration, dejection, and repeated failures. And the latest startup...