I submitted my taxes and it showed I owe $85 based on my 1095-A. Is this being automatically taken out of my taxes or do I have to make a payment elsewhere? Where does this payment get processed?
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Yes, it is automatically taken out of your taxes. The repayment of the Advanced Premium Tax Credit calculated when you entered your 1095-A is added to your overall tax bill so it will be reflected in your total refund/tax due on TurboTax. You do not have to make a separate payment.
Yes, it is automatically taken out of your taxes. The repayment of the Advanced Premium Tax Credit calculated when you entered your 1095-A is added to your overall tax bill so it will be reflected in your total refund/tax due on TurboTax. You do not have to make a separate payment.
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