Deductions & credits

No, he has to file all his 2023 income and credits on his 2023 return.  

This tax credit works differently than most.  It is based on his actual total yearly income, not what he estimated.  The premium tax credit was available immediately when he enrolled in a plan through the Marketplace.  It worked like a discount so he could get help to pay for coverage throughout the year rather than having to wait until he filed his 2023 taxes.  Payments of the premium tax credit went directly to the insurance company to pay a share of the monthly health insurance premiums charged to him.  The amount was calculated based on what he estimated your 2023 income would be, along with how many people his plan needed to cover and where he lived.

Now that he is reporting your actual 2023 income, ZIP code, and family size, we used this info to calculate the discount he should've received throughout the year, and made the necessary adjustment.   

If you benefit from advance payments of the premium tax credit, it is important to report life changes to the Marketplace as they happen throughout the year.

Certain changes to your household, income or family size may affect the amount of your premium tax credit.  These changes can alter your tax refund, or cause you to owe tax.  Reporting these changes promptly will help you get the proper type and amount of financial assistance.  For more information, see the Changes in Circumstances section of our Claiming the Credit and Reconciling Advance Credit Payments page.