Tax Credits

Form 8962: Reconciling the Premium Tax Credit

Tax Credits, Tax Tips / April 21, 2020

Form 8962, Premium Tax Credit, reconciles 2019 advance payments of the premium tax credit and may also effect a taxpayer\’s ability to get advance payments of the premium tax credit or cost-sharing reductions. Taxpayers who don\’t file and reconcile their 2019 advance credit payments may not be eligible for advance payments of the premium tax …

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Tax Milestone

Tax Credits / May 1, 2013

Tax Milestone, your local store probably carries special cards for the birthdays that tend to be milestones in ordinary life. Although taxpayers shouldn\’t expect to receive cards from the IRS, some birthdays are especially important for tax purposes, too. Birth. You generally can start claiming a dependency exemption for your child in the year he or she …

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