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If a taxpayer signed up for health insurance through the marketplace, they likely received a Form 1095-A at the end of the year. You must use the information on Form 1095-A to complete IRS Form 8962. Form 8962 reconciles the final amount of Premium Tax Credit available to the taxpayer with the amount of advanced premium credits received during the year. Once the form is completed, a taxpayer will generally receive either an additional tax credit or be required to repay a portion of the advanced premium amounts. If a taxpayer fails to include Form 8962 with their tax return when they received a Form 1095-A, they might receive an IRS tax notice. For a larger database of tutorials, please visit our website and search for your question: https://knottlearning.com/ DISCLAIMER: The information provided in this video may contain information about tax, financial, and legal topics. Such materials are for informational purposes only and may not reflect the most current developments. These informational materials are not intended and should not be taken as tax, financial, or legal advice. You should contact an advisor to discuss your specific facts and circumstances. Self-help services may not be permitted in all states or jurisdictions. The use of these materials does not create an attorney-client or confidential relationship. This video does not include information about every topic or issue related to these informational materials. #Form8962 #IRS #PremiumTaxCredit