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Obamacare 2021 Income Overage
I was on Obamacare for three months in 2021. My income went over the maximum amount to receive a subsidy, and now Turbo Tax is stating I must repay 100% of the subsidy I received. Two questions: (1) I thought Obamacare overages were forgiven in 2020. Was this exemption not continued in 2021? Also, (2) Income levels to qualify for a subsidy increased substantially in 2022, with a sliding scale for having to repay the subsidy. Is there no allowance for either of these situations in 2021?
March 9, 2022
1:01 PM