Why am I having to pay $540 on my taxes is it because of the medical that I was told I owed 0 on?

[Chbymxnnaauygt]

Can somebody help me understand why I am paying in $540 to IRS?

[xmasbaby0]

No one can see your screen or your tax return.   We do not know what income you entered or how much tax was withheld from it.   Your tax return is not going to show anything at all in regard to a medical bill you may or may not owe.   The usual reason for owing tax to the IRS is that you did not have enough withheld from your paychecks during the year.

Double check all of the amounts you entered.  Make sure you did not add a zero some place or misplace a decimal point.   If everything has been entered correctly, then, sadly, you owe tax due.

 If you have federal tax due you can pay by mailing your payment with the 1040V voucher, (which has the address printed on it, having the payment taken out of a designated bank account, or you can pay directly on the IRS website. 

https://www.irs.gov/payments

https://ttlc.intuit.com/community/tax-payments/help/how-can-i-pay-my-federal-taxes/00/26212

https://ttlc.intuit.com/community/tax-payments/help/how-do-i-pay-my-irs-tax-due-with-a-check-or-mone...

To apply for a payment plan with the IRS

Apply Online for a Payment Plan

[Chbymxnnaauygt]

Thanks for your help, but I think something went wrong. This was from the Marketplace that told me I owed $0 on medical help in 2021 and now say I owe them money. I am trying to find out if this is what this money is being collected for the IRS because we live on SS and it's not taxable. Do you have to pay TurboTax to speak to someone on a question on the year you're filling? Thanks

[fanfare]

If your income or circumstances changed during the year,

the amount you have to pay back can increase also.

[xmasbaby0]

Wait a minute---your original question seemed like you were referring to a medical bill.  You made no mention of having marketplace insurance.    Now it seems that you had marketplace insurance so you had a premium tax credit ----if you underestimated your income and did not pay as much for that marketplace insurance as you should have according to your income, that is why you owe.

[Chbymxnnaauygt]

No, no changes the income was the same all year of 2021. 

[Chbymxnnaauygt]

No, I reported the correct income and they told me in 2021 I owed nothing and now I am told on TurboTax I owe the IRS.

[ColeenD3]

You've mentioned social security and Marketplace insurance. While social security payments aren't taxable, they are considered for determining household income for insurance. When you underestimate income when applying for insurance, you have to pay back some of the subsidy.

Non-taxable Social Security benefits are counted as income for the Affordable Care Act and affect tax credits. This means that when calculating your eligibility for a subsidy your social security income is used to determine your eligibility and may affect the amount you qualify for

[Chbymxnnaauygt]

It was my mystake on the numbers I put in from the 1095A  form in TurboTax. There was no mistake on income reported to the Marketplace in 2021. It's now all fixed thanks to Donna from TurboTax who helped find my mistake putting in the wrong numbers. Thanks to all who tryed to help...

[Chbymxnnaauygt]

No, I did not underestimated the income. It was a mistake on my part for incorrectly putting in the wrong numbers from the1095A form. Donna from TurboTax helped me find the mistake and problem fixed. 

[xmasbaby0]

@Chbymxnnaauygt Thank you for posting back and letting us know that it has been worked out.