Yes, it is right. Unfortunately, this is how the law was written where your
total household income is used to determine the Premium Tax Credit (PTC). If
you get married during the year, it often reduces or eliminates the PTC, which
means you need to repay part or all of the advance credit that you received.
It is based on your annual JOINT income, so that is where the
problem lies. Although TurboTax automatically does an
"alternative" calculation to see if it will reduce the repayment, it
often does not save anything and you must repay the advance credit that you
received.
Tax Tip: If you are able to contribute to a deductible
Traditional IRS before April 15th, it MIGHT reduce the amount of the Advance
credit that you need to repay. Filing as Married Filing
Separately sometimes will reduce the repayment as well, however, in
many cases your overall tax would be higher so that would not be a good option.
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