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Get your taxes done using TurboTax
The IRS has placed limits on the amount of the Premium Tax Credit that must be repaid, according to your income. Whether you had another source of health insurance is not part of the calculation.
TurboTax automatically applies the limit for you on Form 8962, according to the income reported on your return.
When you View/Print your return, you can see the calculations on Form 8962. If your repayment amount is more than your tax refund, you can make payment arrangements with the IRS.
Here's detailed info from the IRS on How is the Premium Tax Credit Calculated.
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‎January 24, 2025
10:37 AM