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twgt39
New Member

Can i deduct the $1100 i had to pay back in 2016 for health subsidy i recieved in 2015

 
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MinhT
Expert Alumni

Can i deduct the $1100 i had to pay back in 2016 for health subsidy i recieved in 2015

If you refer to the repayment of the advance premium tax credit as reported on your 2015 tax return, then this amount is not deductible in 2016 as it is simply the repayment of the excess premium tax credit which you had received in 2015.

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