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Level 2
February 20, 2020
Solved

1095A

  • February 20, 2020
  • 12 replies
  • 82 views

I MADE TOO MUCH INCOME FOR 2019 AND HAVE TO PAY BACK ALL MY OBAMA CARE ACA PREMIUMS. CAN I DEDUCT WHAT I HAVE TO PAY BACK AND SHOW AS HEALTH INSURANCE PREMIUMS.

    Best answer by MinhT1

    Yes, the amount of premium tax credit that you have to pay back together with the net premiums you paid can be deducted as Medical expenses (if you itemize your deductions).

    12 replies

    MinhT1Answer
    Level 15
    February 20, 2020

    Yes, the amount of premium tax credit that you have to pay back together with the net premiums you paid can be deducted as Medical expenses (if you itemize your deductions).

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    tillie55Author
    Level 2
    February 20, 2020

    t

    Thanks MihhT1 for the info.

    j

    Just wanted to make sure, but it looks like I would enter the amount under insurance premiums paid on my 2019 taxes. Does that sound correct?

    My 1095A is for the 2019 year.

    Tillie55

    Alumni - Intuit
    February 20, 2020

    Yes. Reported it as Medical Insurance Premium.

    1. Go to Federal Taxes.
    2. Go to Deductions and Credit.
    3. Scroll down to Medical and click show more.
    4. Scroll down to Medical Expenses.
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