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Deductions & credits
The Premium Tax Credit is only GIVEN for the amount up to the premium charged. The amount she was eligible is what your insurance would have been covered up to. So, if you would have had higher priced insurance, the premium tax credit would have been higher. If you would have had insurance that cost more than the premium tax credit, then you would have had to pay something to cover the difference between the credit and the amount allowed for the credit.
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‎April 16, 2024
2:49 PM