Page 109 - Individual Forms & Instructions Guide

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Negative Form 8978 Adjustment Worksheet—Schedule 3 (Line 6l) 14:28 - 20-Jan-2023
Complete this worksheet if Form 8978, line 14, is negative.
1. Enter the amount from Form 1040 or 1040-SR, line 18 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.
2. Enter as a positive number the negative amount from Form 8978, line 14 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2.
3. Is the amount on line 1 equal to or more than the amount on line 2?
Yes. Enter the amount from line 2 on line 6l

No. Enter the amount from line 1 on line 6l, and subtract line 2 from line 1* . . . . . . . . . . . . . . . . . . . . . . . . 3. ( )
* Use this amount to complete the Negative Form 8978 Adjustment Worksheet in the Schedule 2, line 17z, instructions.

so, include any amounts paid with Form enter the refundable portion of the credit
2350. for qualified sick and family leave wa-
Line 6z. Other nonrefundable credits.
Use line 6z to report any nonrefundable Line 11 ges you are eligible for due to reasons
credits not reported elsewhere on your related to coronavirus and related to
return or other schedules. List the type Excess Social Security and Tier 1 leave taken before April 1, 2021. The
and amount of the credit. RRTA Tax Withheld amount of this credit is shown on Sched-
ule H, line 8e. See Schedule H (Form
Line 9 If you, or your spouse if filing a joint re- 1040) and its instructions for more infor-
mation on these credits.
turn, had more than one employer for
Net Premium Tax Credit 2022 and total wages of more than
The premium tax credit helps pay for $147,000, too much social security or Line 13d
health insurance purchased through the tier 1 railroad retirement (RRTA) tax If you are claiming a credit for repay-
Marketplace. You may be eligible to may have been withheld. You can take a ment of amounts you included in your
claim the premium tax credit if you, credit on this line for the amount with- income in an earlier year because it ap-
your spouse, or a dependent enrolled in held in excess of $9,114. But if any one peared you had a right to the income,
health insurance through the Market- employer withheld more than $9,114, enter the amount on line 13d. See Pub.
place. Eligible individuals may have ad- you can't claim the excess on your re- 525 for details about this credit.
vance payments of the premium tax turn. The employer should adjust the tax
credit made on their behalf directly to for you. If the employer doesn't adjust Line 13f
the insurance company. You (or whoev- the overcollection, you can file a claim
er enrolled you) should have received for refund using Form 843. Figure this If you elected to pay your net 965 tax li-
Form 1095-A from the Marketplace amount separately for you and your ability in installments, report the defer-
with information about your coverage spouse. red amount on line 13f. Enter the
and any advance credit payments. Com- You can't claim a refund for excess amount of net 965 tax liability remain-
plete Form 8962 to determine the tier 2 RRTA tax on Form 1040, ing to be paid in future years.
amount of your premium tax credit, if 1040-SR, or 1040-NR. Instead, use
any. If the premium tax credit you can Form 843. Line 13g
claim exceeds your advance credit pay- Line 13g has been reserved for future
ments, your net premium tax credit will Line 12 use.
be shown on Form 8962, line 26. Enter Credit for Federal Tax on Fuels
that amount, if any, on line 9. For more Line 13h
information, see the Instructions for Enter any credit for federal excise taxes
Form 8962. paid on fuels that are ultimately used for Qualified sick and family leave wages
a nontaxable purpose (for example, an paid in 2022 from Schedule(s) H for
Line 10 off-highway business use). Attach Form leave taken after March 31, 2021 and
Amount Paid With Request for 4136. before October 1, 2021. If you paid
household employment taxes, enter the
Extension To File Lines 13a Through 13z refundable portion of the credit for
If you got an automatic extension of Other Payments or qualified sick and family leave wages
time to file Form 1040, 1040-SR, or Refundable Credits you are eligible for due to reasons rela-
1040-NR by filing Form 4868 or by ted to coronavirus and related to leave
making a payment, enter the amount of taken after March 31, 2021 and before
the payment or any amount you paid Line 13b October 1, 2021. The amount of the
with Form 4868. If you paid by debit or Qualified sick and family leave wages credit is shown on Schedule H, line 8f.
credit card, don’t include on line 10 the paid in 2022 from Schedule(s) H for See Schedule H (Form 1040) and its in-
convenience fee you were charged. Al- leave taken before April 1, 2021. If structions for more information on these
credits.
you paid household employment taxes,

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