Do You Have To Pay Back The Tax Credit For Health Insurance Reddit At the 5th month I got job and enrolled in an insurance plan with my employer I immediately ended my marketplace plan I understand it is based on my income but I
If you received advance payments of the premium tax credit APTC for health insurance that you purchased last year on HealthCare gov or a state run health For the 2024 tax year you must repay the difference between the amount of premium tax credit you received and the amount you were eligible for There are also dollar caps on the amount
Do You Have To Pay Back The Tax Credit For Health Insurance Reddit
Do You Have To Pay Back The Tax Credit For Health Insurance Reddit
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The Premium Tax Credit is a refundable tax credit designed to help eligible individuals and families with low or moderate income afford health insurance purchased Does having health insurance through healthcare gov using premium tax credit cause your tax return to be significantly less No Not unless you pay full price for the
BaltimoreBee 2 yr ago You re going to have to pay back most of the subsidy and no there s no way around it When you file your taxes the IRS is going to compute what If you re concerned about paying back any of the PTC just use 1 2 of it for your monthly premium When you file your taxes if you could have used more you ll get a refund It
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Job change offered health insurance do I have to pay back the premium tax credit I recently got a raise promotion at work that resulted in me being offered health Realistically things happen like all those people who got the higher unemployment compensation in 2020 and had incomes 10 20 higher than what they d told the
The refundable credit is available to any individual or household that obtains a health insurance policy through one of the health care exchanges set up as part of For tax years 2021 and 2022 the American Rescue Plan Act of 2021 ARPA enacted on March 11 2021 temporarily expanded eligibility for the premium tax credit by
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At the 5th month I got job and enrolled in an insurance plan with my employer I immediately ended my marketplace plan I understand it is based on my income but I
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If you received advance payments of the premium tax credit APTC for health insurance that you purchased last year on HealthCare gov or a state run health
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Do You Have To Pay Back The Tax Credit For Health Insurance Reddit - It depends The rules vary depending on the year No Payback for 2020 Due to the economic devastation caused by the COVID 19 pandemic Congress decided to go easy
