In this video, I explain the Advance Premium Tax Credit and how it affects your personal tax return. Use form 1095-A to enter monthly premiums information on your tax return onto IRS Form 8962. If too much credit was given in advance, Taxpayers will have to repay the overage via tax return. Your income determine how much credit you qualify for. #taxes #taxpreparer #taxseason #taxcredit

*Disclaimer* This is just an explanation and should not be considered the same way as advice from a licensed financial planner. I am no longer a licensed financial planner and no longer an insurance agent.