My son received a substantial wage increase and bonuses in 2022 in the second half of the year. He did not know he had to renegotiate his monthly ACA insurance premium. When I do his taxes he is being told to repay $ 3,000 . Is there any work around for this ? I have suggested he open an IRA though he does have a 401K.
Also I tried using the 4692 Worksheet on the IRS site and I got different numbers (more in his favor!) So which number is correct and how do I decrease the amount he will owe?
Thanks in Advance
