Deductions & credits

Thanks for the reply!  I understand what the Forms are but if my Excess Advance Premium Tax Credit Repayment (Form 8962, Line 8b) says $500 and I paid a monthly premium each month of $40 (I only had it for 4 months) 4 months x $40 = $160 shouldn't I repay $340 ($500-$160)? 

 

I guess what you pay monthly doesn't calculate into the repayment.

Thank you.