topic ACA Premium Tax Credit in Deductions & credits https://ttlc.intuit.com/community/tax-credits-deductions/discussion/aca-premium-tax-credit/01/1374124#M143057 <P><SPAN class="lia-link-navigation lia-link-disabled">I purchased my insurance through the marketplace, ACA in 2019 and received no advance premium payments (0.00 in 1095A columns B &amp; C).&nbsp; I am also below poverty level at 202%.&nbsp; The program is not filling in lines 12E-23E, premium tax credit on form 8962.&nbsp; Is there an explanation why this is happening?&nbsp;</SPAN></P> Sat, 28 Mar 2020 22:44:26 GMT Stevenrj10 2020-03-28T22:44:26Z ACA Premium Tax Credit https://ttlc.intuit.com/community/tax-credits-deductions/discussion/aca-premium-tax-credit/01/1374124#M143057 <P><SPAN class="lia-link-navigation lia-link-disabled">I purchased my insurance through the marketplace, ACA in 2019 and received no advance premium payments (0.00 in 1095A columns B &amp; C).&nbsp; I am also below poverty level at 202%.&nbsp; The program is not filling in lines 12E-23E, premium tax credit on form 8962.&nbsp; Is there an explanation why this is happening?&nbsp;</SPAN></P> Sat, 28 Mar 2020 22:44:26 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/aca-premium-tax-credit/01/1374124#M143057 Stevenrj10 2020-03-28T22:44:26Z Re: ACA Premium Tax Credit https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-aca-premium-tax-credit/01/1374216#M143063 Sat, 28 Mar 2020 23:00:45 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-aca-premium-tax-credit/01/1374216#M143063 Critter 2020-03-28T23:00:45Z Re: ACA Premium Tax Credit https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-aca-premium-tax-credit/01/1374217#M143064 <P>Your problem is that you cannot leave column B blank ... you must get the SLCP from the ACA and enter it in the program ... only then will a PTC be produced ...</P><P>&nbsp;</P><H2>If you paid full price and want to see if you qualify for a premium tax credit based on your final 2019 income</H2><BLOCKQUOTE><UL><LI>Use the<SPAN>&nbsp;</SPAN><A href="https://www.healthcare.gov/tax-tool/" target="_blank">Health Coverage Tax Tool</A><SPAN>&nbsp;</SPAN>when it’s available later in January to find the premium for the<SPAN>&nbsp;</SPAN><A title="Go to the glossary definition" href="https://www.healthcare.gov/glossary/second-lowest-cost-silver-plan-slcsp" target="_blank">second lowest cost Silver plan (SLCSP)</A><SPAN>&nbsp;</SPAN>that applied to you for 2019. (If you paid full price, this information won’t appear on your 1095-A.)</LI><LI>Use this SLCSP figure to fill out<SPAN>&nbsp;</SPAN><A href="https://www.irs.gov/pub/irs-pdf/f8962.pdf" target="_blank">Form 8962, Premium Tax Credit (PDF)</A>. You'll find out if you qualify for a premium tax credit based on your final 2019 income.</LI><LI>If you qualify, your credit will either increase your 2019 refund or reduce your tax owed.</LI></UL><P><A href="https://www.healthcare.gov/taxes/marketplace-plan-without-savings/" target="_blank">https://www.healthcare.gov/taxes/marketplace-plan-without-savings/</A></P></BLOCKQUOTE> Sat, 28 Mar 2020 23:00:45 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-aca-premium-tax-credit/01/1374217#M143064 Critter 2020-03-28T23:00:45Z
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<P><SPAN class="lia-link-navigation lia-link-disabled">I purchased my insurance through the marketplace, ACA in 2019 and received no advance premium payments (0.00 in 1095A columns B &amp; C).&nbsp; I am also below poverty level at 202%.&nbsp; The program is not filling in lines 12E-23E, premium tax credit on form 8962.&nbsp; Is there an explanation why this is happening?&nbsp;</SPAN></P>
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<P><SPAN class="lia-link-navigation lia-link-disabled">I purchased my insurance through the marketplace, ACA in 2019 and received no advance premium payments (0.00 in 1095A columns B &amp; C).&nbsp; I am also below poverty level at 202%.&nbsp; The program is not filling in lines 12E-23E, premium tax credit on form 8962.&nbsp; Is there an explanation why this is happening?&nbsp;</SPAN></P>
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<P>Your problem is that you cannot leave column B blank ... you must get the SLCP from the ACA and enter it in the program ... only then will a PTC be produced ...</P><P>&nbsp;</P><H2>If you paid full price and want to see if you qualify for a premium tax credit based on your final 2019 income</H2><BLOCKQUOTE><UL><LI>Use the<SPAN>&nbsp;</SPAN><A href="https://www.healthcare.gov/tax-tool/" target="_blank">Health Coverage Tax Tool</A><SPAN>&nbsp;</SPAN>when it’s available later in January to find the premium for the<SPAN>&nbsp;</SPAN><A title="Go to the glossary definition" href="https://www.healthcare.gov/glossary/second-lowest-cost-silver-plan-slcsp" target="_blank">second lowest cost Silver plan (SLCSP)</A><SPAN>&nbsp;</SPAN>that applied to you for 2019. (If you paid full price, this information won’t appear on your 1095-A.)</LI><LI>Use this SLCSP figure to fill out<SPAN>&nbsp;</SPAN><A href="https://www.irs.gov/pub/irs-pdf/f8962.pdf" target="_blank">Form 8962, Premium Tax Credit (PDF)</A>. You'll find out if you qualify for a premium tax credit based on your final 2019 income.</LI><LI>If you qualify, your credit will either increase your 2019 refund or reduce your tax owed.</LI></UL><P><A href="https://www.healthcare.gov/taxes/marketplace-plan-without-savings/" target="_blank">https://www.healthcare.gov/taxes/marketplace-plan-without-savings/</A></P></BLOCKQUOTE>
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