What is Form 8862 on TaxAct

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Published on February 15, 2025 12:15:03 PM ● Video Link: https://www.youtube.com/watch?v=C1T5bgVIoQw

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Form 8862, "Information to Claim Certain Credits After Disallowance," is used when a taxpayer needs to reclaim specific tax credits that were previously denied or disallowed by the IRS. On TaxAct, this form is included to help taxpayers reapply for these credits if they meet the eligibility requirements.

When Do You Need Form 8862?
You must file Form 8862 if you previously had a claim for one of the following credits disallowed and now want to claim it again:
✅ Earned Income Tax Credit (EITC)
✅ Child Tax Credit (CTC), Additional Child Tax Credit (ACTC), or Credit for Other Dependents (ODC)
✅ American Opportunity Credit (AOTC)
✅ Premium Tax Credit (PTC)

How to File Form 8862 on TaxAct
Log in to Your TaxAct Account
Start or Open Your Return
Go to the "Federal" Section
Navigate to Credits
Look for the Option to Add Form 8862
Answer the IRS Questions to confirm eligibility
Complete the Form and review your return
E-file or Print & Mail your tax return with Form 8862 attached
Key Notes
You don't need Form 8862 if your credit was denied due to mathematical or clerical errors and you corrected them in a later return.
If the IRS banned you from claiming a credit for two years (due to reckless disregard of rules) or ten years (due to fraud), you cannot use Form 8862 until the ban expires.

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