ErnieS0
Expert Alumni

Get your taxes done using TurboTax

Your refund went down because you are repaying the healthcare subsidy. You received partially subsidized health insurance based on your projected annual income when you applied for medical insurance through the healthcare marketplace.

 

Getting a better job means you made more money than your expected. Had you known, you would have received a smaller subsidy or perhaps none at all.

 

Form 8962 uses your annual income.

 

@drbob123 

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