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Repayment of entire year of marketplace advance premium tax credit: I was out of work for 7mo in 2018; new job began in Aug2018. Do I have to pay back 12mo of the credit?
- I did not update my income in Aug2018 in the MarketPlace when I started my new full-time consultant position
- I only earned full-time wages for the remaining 5 months of the year
- I was not eligible for my recruiter's health insurance plan until Dec2018, so I just kept the MarketPlace plan that one additional month; 2019 I am now getting health insurance through the recruiter's plan
Should I have to pay back the Premium Tax Credit rec'd through the MarketPlace from Jan-July2018? I was out of work, earning unemployment insurance and working odd jobs to try and make ends meet during those 7 months. I needed that credit during those months.
Topics:
‎June 4, 2019
2:30 PM