You are not necessarily ineligible for the Premium Tax credit if your 2024 income is below 100% of the poverty level. There are exceptions.
Just enter your form 1095-A in TurboTax and TurboTax will populate form 8962 for you.
The IRS says in this IRS document, on page 9:
You may qualify for the PTC if your household income is less than 100% of the federal poverty line and you meet all of the following requirements.
- No one can claim you as a dependent for the year.
- You or an individual in your tax family enrolled in a qualified health plan through a Marketplace.
- The Marketplace estimated at the time of enrollment that your household income would be at least 100% of the federal poverty line for your family size for 2024.
- APTC was paid for the coverage of 1 or more months during 2024.
- You otherwise qualify as an applicable taxpayer (except for the federal poverty line percentage).
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