- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
repayment of disability insurance affecting marketplace account
I received payments from a disability insurance company that was non-taxable. They required that I file for SS disability. It took over a year but I was approved and received a back payment. Turbo Tax says I owe taxes even though it's showing my tax liability as $0. I did the lump sum payment option because part of the back payment was for 2022. My adjusted gross income is not showing the SS money. I did try the right to repayment option but that didn't affect anything. I believe the problem is that I had a marketplace insurance account which I received credits for. For marketplace insurance you have to report all SS money whether it's taxable or not. I believe that the full amount of SS money is being used to figure my marketplace credit. Is there a way to claim the repayment so that it reduces the amount being used for the marketplace account?