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Get your taxes done using TurboTax
Hi @utah withholding id , You posted this yesterday and I was hoping you (or someone) could elaborate on the "2023 Tax Year going up 50% in payback." This worries me as my income is really irregular and unpredictable, and I often have to pay back some or a lot of the PTC. Many thanks!
"From TaxBook
If house-hold income is higher than 400%, the taxpayer pays no more than 8.5% of his or her household income for the cost of health insurance after receiving the PTC.
This is for TY21 and TY22. TY23 goes up 50% payback. "
‎January 18, 2023
12:25 PM