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On the Utah state return Health Benefit Plan Credit it asks “Amount paid for health benefit plan in 2024” Is this the sum of what I paid for my monthly premiums?

 
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3 Replies
SabrinaD2
Expert Alumni

On the Utah state return Health Benefit Plan Credit it asks “Amount paid for health benefit plan in 2024” Is this the sum of what I paid for my monthly premiums?

Yes, on the Utah state return for the Health Benefit Plan Credit, the "Amount paid for health benefit plan in 2024" can be the total sum of your monthly premiums. You can include payments/premiums for Affordable Care Act marketplace plans, Medicare plans (A, B, C, D), Medicaid-connected plans (excluding amounts paid by Medicaid), and COBRA payments.

 

The following conditions are generally required to claim the Utah Health Benefit Plan Credit:

  • You may claim this credit if you purchased your own health insurance and were not eligible to participate in a health benefit plan maintained and funded through an employer or former employer. 
  • You don't qualify for this credit if you (or your spouse, if filing a joint return) had the option to get health insurance through an employer or former employer, even if you chose not to use the employer’s plan.
  • You can't include amounts not in your federal taxable income or used to claim a federal credit. 
  • Amounts not included in your federal taxable income and amounts used to claim a federal credit can't be used for this credit.

 

For more details, you can refer to the Utah State Tax Commission.

On the Utah state return Health Benefit Plan Credit it asks “Amount paid for health benefit plan in 2024” Is this the sum of what I paid for my monthly premiums?

Ok so if I entered in information from a 1095-A form on my federal return than I can just skip this?

MaryK4
Expert Alumni

On the Utah state return Health Benefit Plan Credit it asks “Amount paid for health benefit plan in 2024” Is this the sum of what I paid for my monthly premiums?

You would need to enter the amount that you had to pay for the insurance, it is not automatically transferred from the 1095-A entry in the federal section.

 

For the Health Benefit Plan Credit, you may include the payments for a health benefit plan through an Affordable Care Act (ACA) marketplace. You may also include any extra amounts you had to pay for the plan on your federal income tax return, but you must subtract any amounts refunded to you on your federal tax return.

 

@mckinly16 

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