topic We set up obamacare and were given a credit and or income matched what we set up, but now we owe the 1500 back, why is this? in Get your taxes done using TurboTax https://ttlc.intuit.com/community/taxes/discussion/we-set-up-obamacare-and-were-given-a-credit-and-or-income-matched-what-we-set-up-but-now-we-owe-the/01/594328#M241701 We were both students in 2016 as well Thu, 06 Jun 2019 00:54:27 GMT wesnewsome 2019-06-06T00:54:27Z We set up obamacare and were given a credit and or income matched what we set up, but now we owe the 1500 back, why is this? https://ttlc.intuit.com/community/taxes/discussion/we-set-up-obamacare-and-were-given-a-credit-and-or-income-matched-what-we-set-up-but-now-we-owe-the/01/594328#M241701 We were both students in 2016 as well Thu, 06 Jun 2019 00:54:27 GMT https://ttlc.intuit.com/community/taxes/discussion/we-set-up-obamacare-and-were-given-a-credit-and-or-income-matched-what-we-set-up-but-now-we-owe-the/01/594328#M241701 wesnewsome 2019-06-06T00:54:27Z If you received the Premium Tax Credit as a monthly advan... https://ttlc.intuit.com/community/taxes/discussion/if-you-received-the-premium-tax-credit-as-a-monthly-advan/01/594330#M241702 <P>If you received the Premium Tax Credit as a monthly advance (APTC) to reduce your healthcare premiums, the credit amount was an estimate. It was based on your 2016 estimated income, usually based on your last years income when you signed up.</P><P> </P><P> <B>If your income for 2016 was more than your estimated income, you may have to pay back some of the credit that reduced your monthly payments.</B> </P> Thu, 06 Jun 2019 00:54:29 GMT https://ttlc.intuit.com/community/taxes/discussion/if-you-received-the-premium-tax-credit-as-a-monthly-advan/01/594330#M241702 Patrice 2019-06-06T00:54:29Z