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What do I need to know about the healthcare premium tax credit in 2021 for filing in 2022?
Last year I did not claim the healthcare premium tax credit. I paid the exorbitant premiums out-of-pocket. This year I decided to use the credit, since it was available to me based on my projected income. This means my premiums have been lower (or more accurately, I've paid less than the premiums, as allowed.) However, what does this mean for tax filing in 2022 for 2021? I assume as long as I end 2021 with the same or less income than I reported on healthcare.gov to receive the premium tax credit, I would owe NOTHING, yes?? Thanks for being here to assist!
‎September 9, 2021
10:16 AM