This is my second year on an ACA policy, but the first year where I might be able to itemize my deductions. I'm able to reconcile everything that TT is doing (TT desktop on Windows) other than the Medical Expenses Worksheet. I'm reasonably sure that it's user error, but I just cannot find a way to make the numbers add up, so would be grateful for any assistance.
From my 2022 1095-A Annual Totals:
- Column A: $8,713.32
- Column B: $10,567.20
- Column C: $4,935.00
From my 2022 Form 8962 Annual Totals:
- Column (a): $8,713
- Column (b): $10,567
- Column (c): $5,034
- Column (d): $5,533
- Column (e): $5,533
- Column (f): $4,935
- Line 24 - Total Premium Tax Credit: $5,533
- Line 25 - Advance Payment of PTC: $4,935
- Line 26 - Net Premium Tax Credit: $598
Medical Expenses Worksheet
Total annual premiums actually paid: $3,946
In my first pass at the questions, I included the $3,946, since I didn't know that TT was doing some behind-the-scenes calculations. That gave me a total health insurances premium number that was far too high. However, if I don't include it, it seems to me that the number that TT has calculated for Line 2b in the Medical Expenses Worksheet is too low.
I can't make sense of these numbers. Help, please? Thank you.
