Form 8962 – Excess Advance Premium Tax Credit Repayment
The amount of excess premium tax credit repayment, calculated on Line 29 of Federal Form 8962 Premium Tax Credit (PTC), has a different calculation if there was a self-employed health insurance deduction claimed on Line 16 of Schedule 1 (Form 1040) Additional Income and Adjustments to Income.
Per IRS Instructions for Form 8962, page 15:
If you are self-employed and are claiming the self-employed health insurance deduction, see Self-Employed Health Insurance Deduction and PTC in Pub. 974 for the amount to enter on line 28.
The instructions for calculating the self-employed health insurance deduction are explained in IRS Publication 974 Premium Tax Credit (PTC), starting on page 56. On Worksheet X (as explained in the publication), there is a calculation on Line 25 of Part III: Repayment Limitation that reflects the amount that must be repaid.
To review the worksheets that perform the calculation of the repayment limitation:
Online
You need to view the worksheet as a print PDF; if you need help, go to our Printing Your Return and Individual Forms FAQ.
Desktop
You need to view the worksheet in Forms View; if you need help, go to our Entering in Program – Fillable Forms FAQ.
Click Form 8962 to view the print PDF or to view it in forms view.