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colagene
New Member

Do I have to pay back ACA credits for the entire year if I earned the income that made me ineligible as a lump sum on July 16th?

I cashed in stocks and made capital gains on July 16th.  This income put me over the ACA income limits.

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MinhT
Expert Alumni

Do I have to pay back ACA credits for the entire year if I earned the income that made me ineligible as a lump sum on July 16th?

Unfortunately, yes. The income used to determine whether you have to repay part or all of your advance premium tax credit is the income for the full year, no matter when you received the income during the year.

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1 Reply
MinhT
Expert Alumni

Do I have to pay back ACA credits for the entire year if I earned the income that made me ineligible as a lump sum on July 16th?

Unfortunately, yes. The income used to determine whether you have to repay part or all of your advance premium tax credit is the income for the full year, no matter when you received the income during the year.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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