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gmanslt
New Member

1095 A increasing what I owe

While inputting my info before entering my 1095-A it says I owe 167$ in federal but i after I submit that information it jumps all the way to 1453. My income hasn't changed and neither has my health insurance and I to pay way less for last years taxes, Why does this make it so increasingly high?

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2 Replies

1095 A increasing what I owe

Apparently enough has changed with the numbers on the 1095-A that you receive too much Advance credit, so it seems like you need to repay some of that Advance credit that you received.

 

Without seeing your entire tax returns for both 2023 and 2024, unfortunately there isn't much more I can comment about it.

Vanessa A
Employee Tax Expert

1095 A increasing what I owe

If the 1095-A is causing your tax due to jump up, then that means you received too much of an Advanced Premium Tax Credit and you are having to repay the credit.  

 

Did you go through and double check your entries to be sure you do not have an entry error?  Does everything on the 1095-A match what you entered?  Are the numbers the same this year as last year?

 

Is your income EXACTLY the same with no OT or raised that may have raised it even slightly?

 

The best thing to do is to compare last years return with this years return to see where the change is. 

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