Form 8885 Department of the Treasury Internal Revenue Service Health Coverage Tax Credit Attach to Form 1040, 1040-SR, 1040-NR, 1040-SS, or 1040-PR. Go to www.irs.gov/Form8885 for instructions and the latest information. OMB No. 1545-0074. 2021. Attachment Sequence No. 134

Use Form 8885 to elect and figure the amount, if any, of your HCTC. Self‐Employed Health Insurance Deduction Worksheet.

2024年11月21日 · To use Form 8885, you need to be certified as a displaced worker by the U.S. Department of Labor or receive benefits through the Pension Benefit Guaranty Corporation if you're over 55. When filling out Form 8885, you must declare the months you're claiming the HCTC and the total amount paid to your health insurance provider, excluding certain ...

2020年6月26日 · The Health Coverage Tax Credit (HCTC) is a federally funded assistance program that provides a 72.5% credit on Form 8885 to a relatively small number of individuals, their spouses, and dependents for qualifying health insurance premiums they paid. In October 2019, the IRS sent a letter to HCTC participants advising them to seek alternative ...

You will file Form 8885 Health Coverage Tax Credit, and attach documentation that shows that you were an eligible individual for the HCTC and that the premiums claimed for your 2021 coverage were paid.

This document provides detailed instructions for filling out Form 8885, used to claim the Health Coverage Tax Credit. It outlines eligibility requirements, how to fill out the form, and what to do if certain criteria are not met.

We last updated the Health Coverage Tax Credit in January 2025, so this is the latest version of Form 8885, fully updated for tax year 2024. You can download or print current or past-year PDFs of Form 8885 directly from TaxFormFinder. You can print other Federal tax forms here.

What is Form 8885 and How to Use It? The main purpose of this tax form is to elect and figure the amount of your Health Coverage Tax Credit if there is any. There are two different parts of this form: The first part holds information about the months in which you are claiming the Health Coverage Tax Credit for that financial year.

2023年7月3日 · What is the form used for? If you are completing the Self‐Employed Health Insurance Deduction Worksheet in your tax return instructions and you were an eligible trade adjustment assistance (TAA) recipient, alternative TAA (ATAA) recipient, reemployment TAA (RTAA) recipient, or Pension Benefit Guaranty Corporation (PBGC) payee, you must ...

recipients and file Form 8885 under their name and social security number after certain life events. You are considered a recipient and are eligible to newly receive, or continue to receive, the HCTC in the event that a related TAA, ATAA, or RTAA recipient or PBGC payee dies or finalizes a divorce with you and you were a