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Get your taxes done using TurboTax
Opening an IRA won't help any. The fact is that the government advanced $3,000 in dollars to pay his premiums. Some has to pay that back if they don't qualify to reduce it.
So was your son alone on this ACA policy, that is, he was not sharing it with anyone like you?
There is a table of Repayment limitations on page 15 in the instructions for the 8962.
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March 31, 2023
7:52 PM