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rhebert59
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Can I claim my affordable health care advanced payment I repaid on last years tax return as a medical deduction?

 
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Can I claim my affordable health care advanced payment I repaid on last years tax return as a medical deduction?

Unfortunately, you cannot include on the tax return for this year, but you can amend the prior year return to include the repayment as a medical expense deduction.  This is because the payment for the actual insurance was last year, the repayment of the credit is to the government not the insurance company.

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Can I claim my affordable health care advanced payment I repaid on last years tax return as a medical deduction?

Unfortunately, you cannot include on the tax return for this year, but you can amend the prior year return to include the repayment as a medical expense deduction.  This is because the payment for the actual insurance was last year, the repayment of the credit is to the government not the insurance company.

**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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