ThomasM125
Employee Tax Expert

Get your taxes done using TurboTax

You may have to pay back some of the premium tax credit reported on your form 1095-A.

 

The tax credit reported on form 1095-A is the discount you get on your health insurance premiums. It is calculated based on your income reported on your tax return from the previous year.

 

When you complete your return for the current year and enter your form 1095-A, the credit you are entitled to will be calculated and the difference between what you received as a credit and the amount you were entitled to will either be added or subtracted from your tax on your current year tax return.

 

So, you may have to pay some of it back, or you may get some of it paid back to you.

 

 

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