What IRS tax form should be used to claim the yearly HCTC on a federal income tax return?
Eligible individuals should use IRS Form 8885, Health Coverage Tax Credit, to claim the yearly HCTC on their federal income tax returns. This form helps them determine if they are eligible and provides instructions for claiming the tax credit. They should complete Form 8885, attach the supporting documents, and file it along with Form 1040, 1040NR (long form), 1040PR (Puerto Rico), or 1040SS (self-employed). Form 8885 cannot be filed with 1040EZ or 1040A (short form). Learn more about how to claim the yearly HCTC by visiting the Tax Professionals page.
