Deductions & credits

If you have form 1095-A Health Insurance Marketplace Statement, your Premium Tax Credit may be eliminated if your household income falls below 100% of the federal poverty level for your household size. If your income falls below the 100%, you would have been eligible for Medicaid and not the Health Insurance Marketplace.

Note: Per IRS: You are required to enter all of your income and expenses. It is illegal to omit legitimate expenses that reduce your income so as to maximize your refund.