ContentUnderstanding Form 1099-KWhat Is Form 8962: Premium Tax Credit Used for?Form 8962 - Premium Tax Credit (PTC)Premium Tax Credit The advance payments of the PTC are estimates, meaning they may not be exactly what you are owed which is why a tax return is needed to reconcile the amounts. If your income, family size, filing status, or other circumstance sees a change during the year, you can notify...