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New Mexico Form Instructions 8962: What You Should Know

Premium Tax Credit Form 8962 for individuals — Healthcare.gov We are updating this page periodically to reflect the latest information that's available in 2018. For more 2024 changes in 2018, click here. 1. For 2024 (and earlier years) : (a) See the 2024 and previous years premium tax credit calculator, (b) Enter your annual household income, (c) Write your number of individuals in household, and (d) Enter number of households for 2017, and 2017+E, 2024 (e) Enter number of individuals in household, and (f) Enter number of households for 2018. 2. For 2018, use the 2024 rate table below. 3. Use the 2024 and previous years premium tax credit calculators below. The 2024 rates should reflect your 2024 income. See the calculator for your 2024 income : 4. Enter your 2024 household income from Step 3 of Table 1 of Form 8962, Annual Household Income to determine your 2024 income : 2024 and Previous Years : You will be given the opportunity to select a premium tax credit, if you made less than 400% of the federal poverty line (GPL) in 2015.  Note : In 2017, the federal poverty line for a single taxpayer was 11,870 for an individual and 24,425 for a couple (both 2024 and earlier years). See 2024 Monthly Premium Tax Credits. If your 2024 household income was 100% or more of the federal poverty line for 2017, you will be given the option to select a larger credit for 2018. You'll also be given the opportunity to select up to three additional individuals to receive the larger premium tax credit.  For further details see the 2018 Monthly Premium Tax Credits. If you have adjusted gross income from the tables below, you have the ability to add children age 7 to 16 to your household in the same way as a two parent household. You will not be allowed to select only one eligible child in this manner, you'll have to choose all five eligible children.  Also note that the same annual family limit applies to the children of individuals who receive Medicaid.

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