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Get your taxes done using TurboTax
Yes, you can deduct the repayment amount you paid.
Per IRS Any amount of advance payments of the premium tax credit that you did have to pay back can be included in medical expenses.
In order to affect your return, you need to itemize your deductions and the amount of medical expenses must exceed 7.5% of your adjusted gross income.
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March 31, 2020
2:43 PM
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