Advance Certification Topic: Premium Tax Credits
VITA/TCE ACA Tax Training Webinar TY2017
Presented on November 21, 2017, this webinar provides explanation of how to reconcile the premium tax credit, which provides significant financial assistance to low- and moderate-income families who purchased coverage in the Marketplace. This topic is an advance ACA certification topic for VITA and TCE volunteers.
This webinar series is designed to help VITA/TCE sites and other volunteer tax preparers understand the ACA components of a tax return in order to assist low-income tax clients for the 2017 tax season.
Presentation Slides
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Follow Up Questions: Exemptions
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Short coverage gap exemption
Code A exemption: Offer of COBRA coverage
Premium Tax Credit Refresher
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Eligibility criteria for PTC
Form 8962: Reconciling the PTC
- Form 1095-A
- Repayment of APTC
- Income below 100% FPL
Complex 1095-A Issues
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Issue:
- I thought I would file jointly, but I’m Married Filing Separately
- Multiple Forms 1095-A
- Failure to pay premiums
- Only Column A of Form 1095-A is completed
Overlapping coverage
Review Tips
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Preview the return
Form 8962 review tips
- If there is a repayment of APTC
Failure to reconcile
Q&A
Additional Resources
Webinar: Basic Certification Topics: Exemptions | View webinar