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What is my monthly advance tax credit

 
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2 Replies

What is my monthly advance tax credit

What advance credit are you asking about?   In tax year 2021 only---no other year--- there were advance monthly child tax credits paid to parents of children under the age of 18 between the months of July 2021 and December 2021.   Is that what you mean?

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
rjs
Level 15
Level 15

What is my monthly advance tax credit

Are you asking about the Advance Premium Tax Credit for health insurance from the Marketplace? If that's what you mean, which year are you asking about? Are you asking what the amount is, or are you asking for an explanation of what the Advance Premium Tax Credit is?


TurboTax has no way of knowing the amount of your monthly Advance Premium Tax Credit. For 2022 it's on the Form 1095-A that you received from the Marketplace, in Part III column C. For 2023 it will be on the 1095-A that you will get in January, or you can call the Marketplace and ask them.

 

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