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posted Jun 23, 2019 2:49:55 PM

ACA

We had to pay the IRS a tax in 2019 for ACA premium subsidies that we received in 2018 but were ultimately not eligible for.  Can I deduct these amounts as health care premiums paid on my 2019 tax return (in addition to the premiums we are paying this year)?  I can't find the answer anywhere.  It seems to me as though these are nothing more than premium payments just paid in a different calendar year.

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1 Replies
Level 15
Jun 23, 2019 8:39:26 PM

These payments would not be deductible for tax year 2019 because they are taxes owed for a prior year (essentially back taxes, or re-payment of those ACA subsidies).  Even though you did pay these taxes in 2019, they apply to 2018 and would not be deductible for 2019.