December Withdrawl from Pension and ACA Plan

[jc704]

Hi! I started work at USAA in December 2024. I was not employed / had no income from Jan 1, 2024 - December 12, 2024, and I had a significantly reduced ACA health insurance premium because of that. In late December 2024, I took a withdrawal from a former employers pension like plan. Will I be hit with tax repercussions of that for the each month I was on ACA or does timing of that factor in and only December would be an issue?

[MarilynG1]

The total income on your tax return will be used to calculate your Form 8962 for ACA, so each month is not considered separately.

Here's some FAQs on How is the Premium Tax Credit Calculated. 

@jc704