I am being charged the full amount of my ACA subsidy. I was on Obamacare from January 2017 - August 2017. My wife went from part time to full time at the end of summer, so she got employer benefits and we dropped our Obamacare coverage. Do I have to pay back the subsidy, even though we were not on Obamacare after the significant change in income occurred?
<a rel="nofollow" target="_blank" href="https://www.irs.gov/pub/irs-pdf/i8962.pdf#page=16">https://www.irs.gov/pub/irs-pdf/i8962.pdf#page=16...>
If you notified healthcare.gov of your change of income and cancelled your benefits when your wife started receiving benefits, your PTC and Form 8962 should be calculating correctly.
Does your 1095-A accurately reflect the months from January through August? If not, you should contact healthcare.gov for a revised form. Did you enter in TurboTax that employer coverage was only August through December?
There are limits on what you have to pay back. Here's some info on PTC you may find helpful:
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I'm curious to know when (what year) you learned that you were being charged being that you had ACA in 2017.
I'm trying to figure out how long it took them to realize you underestimated your income