Part I—Annual and Monthly Contribution Amount

Line 1 Enter on line 1 your tax family size.

Determine the number of individuals in your tax family using your tax return. Your tax family generally includes

Instructions for Form 8962 (2025) 7

you, your spouse if you are filing a joint return, and your dependents. If you checked the “Someone can claim you as a dependent” box, or if you are filing jointly and you checked the “Someone can claim your spouse as a dependent” box on your tax return, you or your spouse is not included in the tax family size calculation for purposes of Form 8962, line 1.

Note: If an individual in your tax family was enrolled in a policy with an individual in another tax family and you are not taking the PTC, the taxpayer who is claiming the individual not in your tax family may agree to reconcile all APTC paid for the policy. See the instructions for line 9 and Part IV, later, for more information about this rule. If you and the other taxpayer agree that they will reconcile all APTC paid and you are not taking the PTC, enter -0- on line 1. Then check “ Yes ” on line 9 and follow the instructions under Line 9 and Part IV, later. (Specifically, in the instructions under Part IV, see Policy amounts allocated 100% under either Allocation Situation 1 or Allocation Situation 4 , later.)

Line 2a Enter your modified AGI on line 2a. Use the worksheet next to figure your modified AGI using information from your tax return.

Worksheet 1-1. Taxpayer’s Modified AGI—Line 2a

1. Enter your AGI* from Form 1040, 1040-SR, or 1040-NR, line 11a . . . . . . . . . . . . . . . . . 1.

2. Enter any tax-exempt interest from Form 1040, 1040-SR, or 1040-NR, line 2a . . . . . . . . . . 2.

3. Enter any amounts from Form 2555, lines 45 and 50 . . . . . . . . . . . . . . . . . . . . . . . . . . . 3.

4. Form 1040 or 1040-SR filers: If line 6a is more than line 6b, subtract line 6b from line 6a and enter the result . . . . . . . . . . . . . . . . . . . 4.

5. Add lines 1 through 4. Enter here and on Form 8962, line 2a . . . . . . . . . . . . . . . . . . . . . 5.

• If you are filing Form 8814 and the amount on Form 8814, line 4, is more than $1,350, you must enter certain amounts from that form on Worksheet 1-2. See Form 8814 under Line 2b below.

Line 2b Enter on line 2b the combined modified AGI for your dependents who are required to file an income tax return because their income meets the income tax return filing threshold. Use Worksheet 1-2 to figure these dependents’ combined modified AGI. Do not include the modified AGI of dependents who are filing a tax return only to claim a refund of tax withheld or estimated tax.

Form 8814. If you are filing Form 8814, Parents’ Election To Report Child’s Interest and Dividends, and the amount on Form 8814, line 4, is more than $1,350, you must include on line 1 of Worksheet 1-2 the sum of the tax-exempt interest from Form 8814, line 1b; the lesser of Form 8814, line 4 or line 5; and any nontaxable social security benefits your child received.

Worksheet 1-2. Dependents’ Combined Modified AGI—Line 2b

1. Enter the AGI* for your dependents from Form 1040, 1040-SR, or 1040-NR, line 11a . . . . . 1.

2. Enter any tax-exempt interest for your dependents from Form 1040, 1040-SR, or 1040-NR, line 2a . . . . . . . . . . . . . . . . . . 2.

3. Enter any amounts for your dependents from Form 2555, lines 45 and 50 . . . . . . . . . . . 3.

4. For each dependent filing Form 1040 or 1040-SR: If line 6a is more than line 6b, subtract line 6b from line 6a and enter the result . . . . 4.

5. Add lines 1 through 4. Enter here and on Form 8962, line 2b . . . . . . . . . . . . . . . . . . . . . 5.

• Only include your dependents who are required to file an income tax return because their income meets the income tax return filing threshold.

Line 3 Add the amounts on lines 2a and 2b. Combine them even if one or both of them are negative. If the total is less than zero, enter -0- on line 3.

Line 4 Check the box to indicate your state of residence in 2025. Enter on line 4 the amount from Table 1-1, 1-2, or 1-3 that represents the federal poverty line for your state of residence for the family size you entered on line 1 of Form 8962. (For 2025, the 2024 federal poverty lines are used for this purpose and are shown below.) If you moved during 2025 and you lived in Alaska and/or Hawaii, or you are filing jointly and you and your spouse lived in different states, use the table with the higher dollar amounts for your family size.

Table 1-1. Federal Poverty Line for the 48 Contiguous States and the District of Columbia

IF your family size from* Form 8962, line 1, was . . . . . .

THEN enter the amount below on Form 8962, line 4 . . . . . . .

1 $15,060 2 $20,440 3 $25,820 4 $31,200 5 $36,580 6 $41,960 7 $47,340 8 $52,720

• If your family size was more than 8 people, add $5,380 for each additional person. For example, if your family size is 11, you have 3 additional people. Multiply $5,380 by 3 and add the result of $16,140 to $52,720. Enter the result of $68,860 on Form 8962, line 4.

8 Instructions for Form 8962 (2025)

Table 1-2. Federal Poverty Line for Alaska

IF your family size from* Form 8962, line 1, was . . . . . .

THEN enter the amount below on Form 8962, line 4 . . . . . . .

Worksheet 2. Household Income as a Percentage of the Federal Poverty Line

1 $18,810 2 $25,540 3 $32,270 4 $39,000 5 $45,730 6 $52,460 7 $59,190 8 $65,920

• If your family size was more than 8 people, add $6,730 for each additional person. For example, if your family size is 11, you have 3 additional people. Multiply $6,730 by 3 and add the result of $20,190 to $65,920. Enter the result of $86,110 on Form 8962, line 4.

Table 1-3. Federal Poverty Line for Hawaii

1. Enter the amount from line 3 of Form 8962 . . . . . . . . . . . . . . . . . . . . . . . 1.

• No. Divide the amount on line 1 above by the amount on line 2 above. Do not round; instead, multiply this number by 100 (to express it as a percentage) and then drop any numbers after the decimal point. For example, for 0.9984, enter the result as 99; for 1.8565, enter the result as 185; and for 3.997, enter the result as 399.* Enter the result here and on line 5 of Form 8962 . . . . . . . . . . . . . . . . . . . . . . . 4.

2. Enter the amount from line 4 of Form 8962 . . . . . . . . . . . . . . . . . . . . . . . 2.

3. Multiply the amount on line 2 by 4.0 . . . 3.

4. Is the amount on line 1 more than the amount on line 3 ?

• Yes. The amount on line 1 above is more than 400% of the federal poverty line. Enter 401 here and on line 5 of Form 8962.

IF your family size from* Form 8962, line 1, was . . . . . .

THEN enter the amount below on Form 8962, line 4 . . . . . . .

• If line 4 is below 100, see Household income below 100% of the federal poverty line below.

1 $17,310 2 $23,500 3 $29,690 4 $35,880 5 $42,070 6 $48,260 7 $54,450 8 $60,640

• If your family size was more than 8, add $6,190 for each additional person. For example, if your family size is 11, you have 3 additional people. Multiply $6,190 by 3 and add the result of $18,570 to $60,640. Enter the result of $79,210 on Form 8962, line 4.

Line 5 Figure your household income as a percentage of the federal poverty line using Worksheet 2.

• The Marketplace estimated at the time of enrollment that your household income would be at least 100% of the federal poverty line for your family size for 2025.

Household income below 100% of the federal pover- ty line. If the amount on line 5 is less than 100%, you can take the PTC if you meet the requirements under Estimated household income at least 100% of the federal poverty line next or Alien lawfully present in the United States , later.

Estimated household income at least 100% of the federal poverty line. You may qualify for the PTC if your household income is less than 100% of the federal poverty line and you meet all of the following requirements.

• No one can claim you as a dependent for the year.

• You or an individual in your tax family enrolled in a qualified health plan through a Marketplace.

• APTC was paid for the coverage of 1 or more months during 2025.

• You otherwise qualify as an applicable taxpayer (except for the federal poverty line percentage).

You do not meet the requirements under