At the beginning of 2020, I called the Healthcare Marketplace asking what to provide as my current income, as I didn't have a job at the time but was anticipating starting one. They told me to enter the amount I expected to make. As a result of the number I provided, I was given premium tax credit ($61/month) taken out of my monthly insurance premiums. However, due to the situation with COVID and other life complications, I had to leave that job shortly after starting it, and only ended up making $557 in the entire year. I forgot to go back and update the Marketplace with the change in income, and the APTC was applied for the whole year.
Now, after doing my research, it appears that anyone that makes less than 100% of the federal poverty line - $12,760, which I made much less than - is not eligible for the APTC. If that means I have to pay it back, that's fine, I can and will do so. But TurboTax isn't reflecting this - despite entering my low income, TurboTax reports I'm eligible for a total of $2200 in premium tax credit and is trying to claim that in a refund for me via form 8962. Is TurboTax aware of this potential situation, and is there any way to address it?
A couple of other things to note: I'm aware that there's a cap (for a single filer under 200% of the FPL, $325) on repayment of the Premium Tax Credit, but I don't know if this applies to me in this situation. I'm *also* aware that there are provisions in the American Rescue Plan Act that also affect the repayment caps.
