WebApr 1, 2024 · If your APTC is greater than your PTC, you’ll need to enter this information in Part III. On line 27, subtract line 24 from line 25 if line 25 is greater. Follow the form instructions to enter the repayment limitation on line 28. Enter your excess advance premium tax credit repayment on line 29. Write the smaller of either line 27 or line 28 ... WebI’m working with the Premium Tax Credit (PTC) and looking at the figure on line 2a of Form 8962. Worksheet WK_89621 contains a section figuring the taxpayer’s modified AGI for line 2a of Form 8962. Review this worksheet in view mode of the return.
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WebThis entry is necessary due to the calculations detailed on pages 56-72 of IRS Publication 974 Premium Tax Credit (PTC). The actual calculation for the self-employed health insurance deduction adjustment is automatically done by the program. The IRS instructions, including the worksheets, are also found in IRS Publication 974 for reference. WebWe’re reviewing the tax provisions of the American Rescue Plan Act of 2024, signed into law on March 11, 2024. Publication 974 covers the following general topics: What is the … swal-overlay
Calculations in worksheets for Publication 974, Premium …
Webbased on the Marketplace’s estimate of the PTC you will be able to take on your tax return. If APTC was paid for you or an individual in your tax family, you must file Form 8962 to reconcile (compare) this APTC with your PTC. If the APTC is more than your PTC, you have excess APTC and you must repay the excess, subject to certain limitations. WebMar 8, 2024 · A PTC Technical Support Account Manager (TSAM) is your company's personal advocate for leveraging the breadth and depth of PTC's Global Support System, ensuring that your critical issues receive the appropriate attention quickly and accurately. ... How to convert worksheet created in earlier versions of Mathcad 15? What is the … WebForm 8962 worksheets: Worksheet W - This worksheet is only prepared if advance premium tax credit was received. ... The PTC on the 8962 is compared to the PTC from the … swal reload page