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confusedtaxdude
Returning Member

After inputting my 1095-A, it looks like I'll need to pay back a certain amount. I have already filed my taxes, does TurboTax take care of the payment from the refund?

Or is there an online portal somewhere I can pay that back?
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SharonD007
Expert Alumni

After inputting my 1095-A, it looks like I'll need to pay back a certain amount. I have already filed my taxes, does TurboTax take care of the payment from the refund?

No, there's no portal for you to pay your repayment of your Advanced Premium Tax Credit. TurboTax calculates the repayment amount and it is calculated in your tax liability. Since you are receiving a refund, what you have to repay is deducted from your refund. You'll see the amount on your Form 8962 and Schedule 3, line 9 of your 1040.

 

For more information, review the TurboTax articles What is the Premium Tax Credit (PTC) and What is Tax Form 8962?

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1 Reply
SharonD007
Expert Alumni

After inputting my 1095-A, it looks like I'll need to pay back a certain amount. I have already filed my taxes, does TurboTax take care of the payment from the refund?

No, there's no portal for you to pay your repayment of your Advanced Premium Tax Credit. TurboTax calculates the repayment amount and it is calculated in your tax liability. Since you are receiving a refund, what you have to repay is deducted from your refund. You'll see the amount on your Form 8962 and Schedule 3, line 9 of your 1040.

 

For more information, review the TurboTax articles What is the Premium Tax Credit (PTC) and What is Tax Form 8962?

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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