U.S. · Form 8962 lines 24 to 29
Form 8962 excess advance payment (line 27).
From total PTC to the repayment you owe, with the Table 5 caps.
Line 24 on Form 8962 is the total premium tax credit, not the excess advance payment. If advance payments (line 25) are more than the credit (line 24), line 27 is the difference. Line 28 is the repayment limitation from Table 5 (blank at 400% or more) and line 29 is the smaller of lines 27 and 28, which goes to Schedule 2 (Form 1040), line 1a.
Reconcile lines 24 to 29
Result
Reference table
| Form 8962 line 5 is | Line 28 if single | Line 28 for any other filing status |
|---|---|---|
| Less than 200 | $375 | $750 |
| At least 200 but less than 300 | $975 | $1,950 |
| At least 300 but less than 400 | $1,625 | $3,250 |
| 400 or more | Leave line 28 blank | Leave line 28 blank |
A correction to the row name
The search “line 24 excess advance payment of the premium tax credit” mixes up two lines. On Form 8962, line 24 is Total PTC and line 27 is Excess advance payment of PTC. This page is named for line 27 and explains lines 24 to 29 as one flow.
The flow in the IRS text
Line 24 is the amount from line 11(e) or the total of lines 12(e) through 23(e); line 25 is the same for column (f). If line 24 is greater than line 25, subtract to get line 26, the net PTC, which also goes to Schedule 3 (Form 1040), line 9 and reduces tax or increases your refund; skip lines 27 to 29. If line 24 equals line 25, enter -0- on line 26. If line 25 is greater than line 24, leave line 26 blank and go to Part III, where line 27 is line 25 minus line 24.
Line 28 and line 29
The excess you repay may be limited by Table 5. If line 5 is 400 or more, there is no repayment limitation: leave line 28 blank and carry line 27 to line 29. Otherwise line 29 is the smaller of line 27 or line 28, and it goes to Schedule 2 (Form 1040), line 1a. If you are married and file separately, the Table 5 limits apply to you and your spouse separately based on the household income reported on each return. Self-employed filers claiming the self-employed health insurance deduction, and returns with enrollees not lawfully present, have special rules in Pub. 974.
Worked example
Line 24 is $5,100 and line 25 is $6,200, so line 27 is $1,100. A single filer with line 5 at 250 falls in the “at least 200 but less than 300” row, so line 28 is $975 and line 29 is the smaller of $1,100 and $975: $975. At line 5 of 401 the same filer repays all $1,100. Amounts are illustrative. For the inputs, see line 11 and line 5.
Sources
- Instructions for Form 8962 (2025): Lines 24 through 29 and Table 5. Read November 2, 2026.
- Form 8962 (2025): The form itself, for exact line wording. Read November 2, 2026.
These are the tax year 2025 edition instructions and forms (published for returns filed in 2026). The IRS revises them each year, so thresholds, line numbers and limits can change; check the current edition before relying on a figure.
Frequently asked questions
What is line 24 on Form 8962?
Total PTC. It is the amount from line 11, column (e), or the total of lines 12 through 23, column (e).
What is line 27 on Form 8962?
The excess advance payment of PTC: if line 25 is greater than line 24, line 27 is line 25 minus line 24.
How much of the excess advance payment must I repay?
Line 29 is the smaller of line 27 or the Table 5 limit on line 28. If line 5 is 400 or more there is no limit and you repay all of line 27.
What are the Table 5 repayment limits?
For line 5 under 200: $375 single, $750 other. 200 to under 300: $975 and $1,950. 300 to under 400: $1,625 and $3,250.
Where does the repayment go on my return?
Line 29 goes to Schedule 2 (Form 1040), line 1a. A net PTC on line 26 goes to Schedule 3 (Form 1040), line 9.
Not tax or legal advice
This page summarizes IRS instructions and is not tax, legal or financial advice. A CPA, enrolled agent or the IRS can confirm what applies to your situation. Everything runs in your browser; nothing you enter is sent anywhere.