My 1095a

[Amroth92]

I have a 1095-A form that I got from another state i live in from jan 2024-june 2024. I got the tax credit preiumum for those months then cancelled the insurance since I moved and got on medical assistance in current state. However it is counting income from both states which would put me over my estimate .. is that normal for it count both incomes? I thought it'd only count the state i recieved it from and my income from that state. I technically didn't underestimate my income because I didn't know I was moving and make more in current state. But since it's counting both it's making me pay back is that normal? Or. Am I doing it wrong ?

[BrittanyS]

Yes, both states income would be considered when calculating the premium tax credit.  Per the IRS, "purposes of the premium tax credit, your household income is your modified adjusted gross income for the year plus that of every other member of your family."

Yes, it is normal, to have to pay back on the credit received if your income exceed what you estimated.  The premium tax credit is determined off of an estimate but when the return is filed, the credit is calculated based on the actual income.  If the income is higher you will pay back the difference.  

For more information on Premium Tax Credits, see the link below:

• Premium Tax Credit