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Does TT take into account eligibility for the subsidy (income below qualifying threshold) or just calculate a refund because actual income is less than estimated?

I rec'd 2016 health care subsidy. My actual income is less than I estimated, so I don't qualify for the subsidy.  TT is telling me I'll get additional tax credits because my income is less, but my income is below the threshold to qualify for the subsidy. 

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Accepted Solutions

Does TT take into account eligibility for the subsidy (income below qualifying threshold) or just calculate a refund because actual income is less than estimated?

TurboTax is correct.

There is a special rule that if you were determined to qualify for the credit when you signed up, and you received Advance credits (column C of your 1095-A), you can still qualify for the Credit (and will actually receive a larger credit due to the lower income).

View solution in original post

Does TT take into account eligibility for the subsidy (income below qualifying threshold) or just calculate a refund because actual income is less than estimated?

Thanks so much! I've spent hrs trying to find the answer to this! Phew!

View solution in original post

2 Replies

Does TT take into account eligibility for the subsidy (income below qualifying threshold) or just calculate a refund because actual income is less than estimated?

TurboTax is correct.

There is a special rule that if you were determined to qualify for the credit when you signed up, and you received Advance credits (column C of your 1095-A), you can still qualify for the Credit (and will actually receive a larger credit due to the lower income).

Does TT take into account eligibility for the subsidy (income below qualifying threshold) or just calculate a refund because actual income is less than estimated?

Thanks so much! I've spent hrs trying to find the answer to this! Phew!

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