I purchased my insurance through the marketplace and received a subsidy that covers my entire premium. I anticipated making just above the amount needed to qualify for a subsidy. My state (SC) has not expanded Medicaid, so a subsidy is the only assistance I would be eligible for. My income would meet the requirements for the subsidy were it not for the deductions on schedule C.
Will I be required to pay the entire subsidy back and will I be allowed to claim the premiums on my deductions as a self employment HI premium if I do have to pay them back? Also, my income situation will change next year as I am contracting with an additional company. Will this impact my ability to qualify for a subsidy in subsequent years?
