Form 14950 PDF Details

The intricacies of the United States tax code, while daunting, aim to provide financial relief to eligible taxpayers through mechanisms like the Premium Tax Credit (PTC). Form 14950, issued by the Department of the Treasury in August 2016, serves as a crucial vehicle for verifying an individual's eligibility to claim this credit. The form underscores the necessity of purchasing health insurance through a Health Insurance Marketplace, as it explicitly states that those who have not done so are not eligible for the PTC. This verification process requires taxpayers to present a detailed compilation of documents, ranging from Form 8962, which reconciles advance payments of the premium tax credit, to Form 1095-A, the Health Insurance Marketplace Statement, among others. Additionally, eligibility criteria tied to household income levels relative to the Federal Poverty Line are delineated, stressing the importance of accurate income reporting and the potential need to repay any advanced PTC received if one's income exceeds established thresholds. With such rigorous documentation requirements and eligibility criteria, Form 14950 encapsulates the procedural and operational complexities inherent in claiming the Premium Tax Credit, highlighting the interplay between taxpayer responsibility, the health insurance marketplace, and federal tax regulations.

Form NameForm 14950
Form Length1 pages
Fillable fields0
Avg. time to fill out15 sec
Other names Form 14950 (Rev. 8-2016). Premium Tax Credit Verification

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Form 14950

Department of the Treasury – Internal Revenue Service




(August 2016)

Premium Tax Credit Verification






Name of Taxpayer


Taxpayer Identification Number

Tax Period Ending





We need to verify that you are eligible to claim the Premium Tax Credit (PTC) shown on your return. To show you are eligible for the PTC, you will need to send all of the applicable documents from the list below. If you did not retain the necessary records, we suggest you contact the health insurance marketplace, insurance providers, plan administrators, and/or financial institutions for the information.

Important: You must have purchased health insurance coverage through a Health Insurance Marketplace (also known as an Exchange). This includes a health plan purchased on or through a State Marketplace. If you did not purchase health insurance from a Health Insurance Marketplace, you are not eligible for the Premium Tax Credit.

If you received Advanced Premium Tax Credit (APTC), you must file Form 8962. If your household income in Part 1 of the Form 8962, Premium Tax Credit, is greater than 400% of the Federal Poverty Line, you are not eligible to receive Premium Tax Credit and must repay any Advanced PTC (APTC) amounts received. The Federal Poverty Line is based on modified income and family size. You may refer to Publication 974, Premium Tax Credit (PTC) for additional information.

What You Should Send Us

You must file Form 8962, Premium Tax Credit, if advance payments of the premium tax credit were paid on your behalf or you are claiming the premium tax credit. If you didn’t include Form 8962 with your tax return, send us a completed copy.

If you included Form 8962, Premium Tax Credit, with your tax return, review it for accuracy. If you determine Form 8962 was not completed accurately, send us an updated copy.

Form 1095-A, Health Insurance Marketplace Statement. If you didn’t receive Form 1095-A or you think it is incorrect, we suggest you contact the Health Insurance Marketplace to obtain a new or corrected copy.

Form 1095-B, Health Coverage, if the form was issued by your insurance provider.

Form 1095-C, Employer-Provided Health Insurance Offer and Coverage, if the form was issued by your employer.

Records showing the names of the individuals for whom you are claiming the Premium Tax Credit for their Marketplace coverage. These records can include copies of insurance enrollment forms, invoices, or statements from your insurance providers.

Information to support the entries made in Part 4 of Form 8962, Premium Tax Credit, regarding your shared policy allocation. This information includes:

(1)Allocated Policy Number

(2)Allocation SSN

(3)Allocation Percentages

(4)Allocation Start/Stop months

Information to support the entries made in Part 5 of Form 8962, Premium Tax Credit, regarding the Alternative Calculation for Year of Marriage. This information includes:

(1)Alternative Family Size

(2)Alternative Start/Stop months

(3)Your date of marriage

Proof that you paid health insurance premiums. Acceptable documentation includes copies of both sides of cancelled checks, paid receipts, certificates of group health plan coverage, credit card statements, or bank records showing direct debit of the payments.

Catalog Number 65540P

Form 14950 (Rev. 8-2016)

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