Question

Which of these is not a reason you must file Form 8962 with your income tax return? Choose one answer. a. You are taking the PTC. b. APTC was paid for you or another individual in your tax family. c. APTC was paid for an individual whom you told the Marketplace you would claim as your dependent. d. All of theses

Answer 1

When APTC was paid for you or another individual in your family you can file 8962 like the other similar options given below. the answer is all the above since all the three options can be reasons to file form 8962.

Explanation:

• You may take PTC at the present and APTC will be paid only for the health insurance.
• PTC is known as Premium Tax Credit which provides financial assistance to pay for a qualified health plan offered through a marketplace reducing the tax one originally owes.
• APTC eligibility is based on the market's estimate of the PTC one will be able to take on his/her tax return.
• If there are certain changes in circumstances after being paid an APTC then the situation must be reported to the marketplace.

• If you are a member of your family enrolled in health insurance coverage in 2019 then you should have received Form 1095-A.