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zrtaylor
New Member

Can I correct my return if I checked premium insurance credit?

I am getting $396.00 credit that I'm not entilited to. How do I correct it?
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2 Replies

Can I correct my return if I checked premium insurance credit?

Did you e-file already?

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

Can I correct my return if I checked premium insurance credit?

If you have not submitted your tax return, you can change your responses regarding the Premium Tax Credit. In the search bar, type in 8962 and it will give you a "jump to" link.  Click that and follow the steps.

Another option is to delete the form. On the left hand side of the screen you can click on "tools", then "tax tools" and then "delete a form." From there, you can scroll down for form "8962" and press delete.

 If you have submitted your tax return, you will have to wait and see if the return is accepted or rejected. If rejected, you will have to make the changes needed for the return to be accepted. There will be a notice explaining what the rejection reason was.  In addition, you will also get the opportunity to change your premium tax credit question 

However, if the return gets accepted you will have to wait until you receive your refund prior to amending your tax return. When the turbo tax program is updated later in the season , you will be able to log back into turbo tax and amend the return, adding whatever you have omitted.

To amend the return using Turbo tax, just log back into your account, open the return that you have filed and from  there you will see the tab for amending your return. Here is a link that can help further guide you when you are ready to amend. Amending a return

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