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I suspect TT calculates my PTC incorrectly. NY state income is 165% of poverty line and I didn't receive premium credits in advance yet I get 0 PTC credit on my return.

 
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5 Replies
Vanessa A
Employee Tax Expert

I suspect TT calculates my PTC incorrectly. NY state income is 165% of poverty line and I didn't receive premium credits in advance yet I get 0 PTC credit on my return.

Did you enter the 1095-A with numbers in column A and B?  If not, this would be needed in order to claim the credit if you are eligible. The credit is only available to those who received insurance through the marketplace. 

 

You say NYS income, do you have other income?  The credit is a federal credit, so your MAGI is counted for any and all states you receive income in. 

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I suspect TT calculates my PTC incorrectly. NY state income is 165% of poverty line and I didn't receive premium credits in advance yet I get 0 PTC credit on my return.

If your filing status is married filing separate cannot take the PTC. 

I suspect TT calculates my PTC incorrectly. NY state income is 165% of poverty line and I didn't receive premium credits in advance yet I get 0 PTC credit on my return.

I've entered columns A and B and this is my total income. 

I suspect TT calculates my PTC incorrectly. NY state income is 165% of poverty line and I didn't receive premium credits in advance yet I get 0 PTC credit on my return.

filing single

KeshaH
Expert Alumni

I suspect TT calculates my PTC incorrectly. NY state income is 165% of poverty line and I didn't receive premium credits in advance yet I get 0 PTC credit on my return.

If you'd like, we can look at your return and see exactly what you see to  help come to a resolution. The return will be scrubbed and won't include any of your personal details.

 

If you're using TurboTax Online:

Once you're logged in to your account,

- on the left hand panel, click on Tax Tools and then choose Tools

- on the pop up window, select Share my file with Agent

- you'll see a message saying you'll give us a copy of your tax return. Your personal information will be changed so we can't see any private information.

- click okay and you'll get another message with a token

 

If you're using TurboTax Desktop:

  • Click on Online in the top menu of TurboTax Desktop for Windows
  • Select 'Send Tax File to Agent'
  • Write down or send an image of your token number and state then place in this issue.
  • We can then review your exact scenario for a solution

 

Please reply to this message with your token so that we can further assist you. Let us know all other states that are included on the return.

 

@drezki17 

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