![]() ![]() If your client (or their spouse, if married filing jointly) received unemployment compensation for any week of 2021, their household income for purposes of this form is capped at 133%. Why is the tax year 2021 Form 8962, line 5 showing 133%? The 1095-A is used to generate Form 8962 to reconcile any advance payments of the premium tax credit or claim the premium tax credit. However, if your client received Form 1095-A Health Insurance Marketplace Statement, you'll need to enter that information in their tax return. ![]() Due to these changes, Forms 1095-B and 1095-C are no longer required to be entered into the tax return and should be kept by the taxpayer for their records. Beginning in tax year 2019, Form 1040 no longer has a "Full-year health care coverage or exempt" box, and Form 8965 for Health Coverage Exemptions is no longer in use. ![]() Under the Tax Cuts and Jobs Act, the individual shared responsibility payment was reduced to $0 for months beginning after December 31, 2018. ![]() For more information, refer to the IRS Questions and Answers on the Premium Tax Credit.ĭoes the 8962 still apply for tax years after 2018? ![]()
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