It is not based on the amount of premiums you paid out of pocket during the year. If 100% of policy amounts are allocated to you, check Yes on line 9 and complete Part IV by entering 100 in the appropriate box(es) for your allocation percentage. Allocation Situation 4. 974 under, Allocation of Policy Amounts Among Three or More Taxpayers, You may need to allocate policy amounts under a qualified health plan using different rules for different months if you had a change in circumstance. For example, a married couple with two children earning $45,000 a year would divide their household income by the poverty line for a family of four $27,750 in 2022 to calculate their income at 162 percent of the federal poverty line. How Poverty in the United States Is Measured and Why It Matters The couple divorced on June 30. 0.0. 974 provides a calculation necessary to figure the repayment limitation if an individual not lawfully present is enrolled with one or more family members who are lawfully present for 1 or more months of the year. Listing your dependents by name and social security number (SSN) or individual taxpayer identification number (ITIN) on your tax return is the same as claiming them as a dependent. See, If 100% of the policy amounts are allocated to you, check, If you are not an applicable taxpayer because you are using filing status married filing separately and, In all other situations, leave column (f) blank because you do not allocate the applicable SLCSP premium reported in those situations. Therefore, you and the other tax family must allocate the enrollment premiums, the APTC, and the applicable SLCSP premium so that each family is able to compute their PTC and reconcile their PTC with the APTC paid for their coverage. Henry claims Heidi as a dependent on his tax return. Federal Poverty Level and Health Insurance Subsidies For coverage in 2022, the Marketplace is required to provide or send Form 1095-A to the individual(s) identified in the Marketplace enrollment application by January 31, 2023. On their Forms 8962, Part IV, line 30, Keith and Stephanie each enter 0.50 in columns (e), (f), and (g). If you are self-employed and are claiming the self-employed health insurance deduction, see Self-Employed Health Insurance Deduction and PTC in Pub. The enrolled individual is lawfully present in the United States and is not eligible for Medicaid because of immigration status. Enter on lines 12 through 23, column (f), the amount of the monthly APTC reported on Form 1095-A, lines 21 through 32, column C. If you have more than one Form 1095-A affecting a particular month, add the amounts together for that month and enter the total on the appropriate line on Form 8962, column (f).

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