Due to an income error, I have paid back premium tax credits (on line 29 - form 8962) because my income was higher than estimated, however I understand that I may be able to claim the overpayment back through the tax credit reconciliation process. Is this correct? if yes, how does it work?
Also, can this excess advance PTC repayment AMOUNT entered on line 29 of form 8962, from last year, be entered as part of my medical expenses when preparing my current tax returns?
Please advise. Thank you.
