Self Employment Health Insurance Calculation. The second part of the equation is how. If form 8962 is generating with a premium tax credit and you have a se health insurance deduction on 1040, line 29, then your deduction and credit may be adjusted.
Determine what should be reported on form 8962 and use the override fields on screen 8962 to achieve the desired result. This means that at the end of the year you will have paid $12,000 total (12 months x $1,000 per month). If form 8962 is generating with a premium tax credit and you have a se health insurance deduction on 1040, line 29, then your deduction and credit may be adjusted.