turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

I am owing Federal of $532. I My monthly health coverage is $90.00.? the amounts in colums in A, B & C of my 1095-A is very expense.. where do they get these numbers?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
MayaD
Employee Tax Expert
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

I am owing Federal of $532. I My monthly health coverage is $90.00.? the amounts in colums in A, B & C of my 1095-A is very expense.. where do they get these numbers?

  • Column A: This is the full premium, including the amount paid with APTC Advanced premium Tax Credit. It excludes the value of certain “extra” benefits, such as adult dental.
  • Column B: This is the benchmark plan that helps establish the PTC (Premium Tax Credit)  amount. It’s based on family size, age, and location.
  • Column C: Advance payment of PTC

If your actual allowable premium tax credit on your return is less than your advance premium tax  credit payments, the difference, subject to certain repayment caps, will be subtracted from your refund or added to your balance due.

irs.gov

 

For more information, check: Understanding Form 1095-A

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

View solution in original post

1 Reply
MayaD
Employee Tax Expert
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

I am owing Federal of $532. I My monthly health coverage is $90.00.? the amounts in colums in A, B & C of my 1095-A is very expense.. where do they get these numbers?

  • Column A: This is the full premium, including the amount paid with APTC Advanced premium Tax Credit. It excludes the value of certain “extra” benefits, such as adult dental.
  • Column B: This is the benchmark plan that helps establish the PTC (Premium Tax Credit)  amount. It’s based on family size, age, and location.
  • Column C: Advance payment of PTC

If your actual allowable premium tax credit on your return is less than your advance premium tax  credit payments, the difference, subject to certain repayment caps, will be subtracted from your refund or added to your balance due.

irs.gov

 

For more information, check: Understanding Form 1095-A

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

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question