The IRS says:
"
The amount of your excess advance credit payments that that increases your tax liability may be limited if your household income is less than 400 percent of the applicable federal poverty line. On the other hand, if your household income is 400 percent or more of the applicable federal poverty line, you will have to repay all of the excess advance credit payments.
See the Instructions for Form 8962, Premium Tax Credit, for information about repayment limitations.
" See this IRS webpage.
The 400% of the federal poverty level depends on your income and your family size. If indeed your income is larger than 400% of the federal poverty line for a family of your size, then you would have to repay all of the PTC.
Indeed, if you made $94k, I don't understand how you got any PTC in the first place. When you applied at the Marketplace at the beginning of the year, did your estimate a substantially smaller income number (and perhaps left your dependents' income off, too)?
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