turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

PepperHawk
Returning Member

1095-A - Increase or Decrease Tax Due?

I have two 1095-A forms, one for each kid. When I enter the info for the first kid, the tax due decreases. When I enter the tax due for the second 1095-A form, the tax due increases.  The info on each 1095 is the same except for the person covered. Why does one decrease my tax due and the other increases?

Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
BillM223
Expert Alumni

1095-A - Increase or Decrease Tax Due?

The purpose of the 1095-A is to complete the form 8962, which "reconciles" the Premium Tax Credit (PTC). 

 

The 1095-A contains information on how much PTC the government "fronted" you, that it, how much the government provided as a subsidy for your health insurance premiums. 

 

The first 1095-A may have shown X amount of PTC, which would have been under the amount you would have been due. But the second 1095-A might have given you too much PTC, which means that you would have to pay the excess amount back to the government, hence your refund decreasing...

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

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies