Some consumers buying health insurance on the Affordable Care Act marketplaces are offered advance premium tax credits (APTCs) to lower their monthly insurance payments. Those consumers can choose to receive all, part, or none of the APTC each month. Those who choose to get all or part of the APTC each month must file IRS Form 8962 on their federal income tax returns to reconcile the amount of APTC paid against estimates made during enrollment of income and tax credits the consumers would need that year. (See also: advance premium tax credits.)
