There is no cap on the amount of Premium Tax Credit you have to pay back. It depends on your tax situation.
In general, individuals and families may be eligible for the premium tax credit if their household
income for the year is at least 100 percent but no more than 400 percent of the
federal poverty line for their family size. For residents of one of the 48 contiguous states or Washington,
D.C., the following illustrates when household income would be at least 100
percent but no more than 400 percent of the federal poverty line in computing
your premium tax credit for 2016:
- $11,770 (100%)
up to $47,080 (400%) for one individual
- $15,930 (100%)
up to $63,720 (400%) for a family of two
- $24,250 (100%)
up to $97,000 (400%) for a family of four
Notifying the Marketplace about changes in circumstances as soon
as they occur will allow the Marketplace to update the information used to
determine your expected amount of the premium tax credit and adjust your
advance payment amount. This adjustment
will decrease the likelihood of a significant difference between your advance
credit payments and your actual premium tax credit.
