Vanessa A
Employee Tax Expert

Deductions & credits

The amount for everyone is different. The marketplace makes the calculation based on your yearly income and applies it monthly. The final calculation is made on your income for the year, not the month.  So even if you earned only $10,000 from January through November, but then in December you somehow made $25,000, your premium tax credit for the year would be based on an income of $35,000. 

 

Sine you received unemployment in 2021, your income is considered to be no greater than 133% of the federal poverty line.  This means if you are single your repayment is limited to $325, if you file any other status, your repayment limitation is $650. So, if the overpayment received was more than that, you will not need to pay more than that back. 

 

 

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