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Incorrect Calculation of Health Premium Tax Credit in TurboTax
In November 2021 I used HealthCare.Gov to sign up for Health Insurance in 2022 and I was told I was eligible for a premium tax credit of $4308 ($359/month) based on my estimated income for 2022. I only under estimated my income by $19 since I forgot to include interest earnings so my estimate was quite accurate to what my 2022 AGI really is (I am a retiree with consistent monthly income). When I entered the Form 1095-A data in TurboTax it took away my $4308 premium tax credit and said the credit was zero instead. Why would the TurboTax calculations not correspond to what HealthCare-Gov is allowing for the premium tax credit?
‎January 14, 2023
6:43 PM