It does not sound like you did anything wrong it is really impossible to tell without knowing more details about your return. You said you got a huge refund for your 2023 PTC that may have been incorrect, but there is no way to tell without examining your 2023 tax return information.
If you have questions about your Premium Tax Credit (PTC) or Form 1095-A, you should contact your Marketplace directly.
You can also call the IRS Healthcare Hotline for ACA questions at 800-919-0452.
These "changes in circumstances" can significantly affect your credit include:
- Lump-sum payments of Social Security and Social Security Disability benefits
- Lump-sum taxable distributions from an IRA or Retirement plan
- Debt forgiveness or cancellation
- Marriage or divorce
- Birth or adoption of a child
- Filing status changes
- Gaining or losing eligibility for employer or governmental health care coverage
If you had any of these changes, that may be the cause of the loss of your premium tax credit in 2024.
Click here for "Where do I enter my 1095-A?"
Click here for additional information on Form 1095-A Health Insurance Marketplace Statement.
Click here for additional information on the Premium Tax Credit.
Click here for "Questions and answers on the Premium Tax Credit"
Click here for "Premium Tax Credit: Claiming the credit and reconciling advance credit payments"
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