I got married in November. Filing jointly. My spouse had qualified for Premium Tax Credit for Healthcare, how to enter Alternative Calculation for Marriage Eligibility?

[Redkinn]

I got married in November. Filing jointly. My spouse had qualified for Premium Tax Credit for Healthcare, how to enter Alternative Calculation for Marriage Eligibility on Turbotax? My calculation shows that it should make a large dent in the amount we need to pay back, but form 974 is not available on the IRS website and has no estimated date.

[Cynthiad66]

There is a Publication 974 see link  Premium Tax Credit Pub 974

Form 8962 is used to compute the credit.  It shows that it is available.

Yes - TurboTax can prepare Form 8962 - Premium Tax Credit (PTC) for you. 

Enter the 1095-A form you received into your return.  TurboTax will calculate Form 8962 for you.  To do this, please follow these steps:

1. In the Search box at the top right of your screen, type 1095-a and click the magnifying glass.
2. In the search results, you will see Jump to 1095-a.  Click this link--it will take you to the entry screen for the form.

But as a general overview, the alternative calculation for year of marriage allows you to use half of your total household income when you calculate your premium subsidy for the months prior to your marriage.

[Redkinn]

I check that website daily, at this time form 974 is not available. Click the PDF link and you will see it's still "being finalized", TurboTax also provided no alternative calculation and attempted to (likely incorrectly, at least using 2019 calculations based on 2019 pub 974) to state that I have to pay back the whole credit. 

[BillM223]

@Redkinn

You are correct that Pub 974 is still in draft mode (note that there is no "form 974"). However, TurboTax won't implement rules that aren't finalized yet, because that would lead to wasted effort if the IRS changes things at the last minute.

And until the IRS releases the 2020 Pub 974, we won't know if the rules have changed from 2019 to 2020.

[user22342342name]

Hello,

I have the same situation as yours. 

Can you tell me how you handled it?

[JohnW152]

To get to the Alternative Calculation for Marriage portion of the Affordable Care Act interview in TurboTax Online: 

1. Open TurboTax Online
2. Select Tax Home in the left pane
3. On the Hi, let's keep working on your taxes! screen, select the dropdown on the right side of the Deductions & Credits box, then select Start, Continue, Review/Edit or Pick up where you left off
4. On the Now it's time for the fun part... page, select the dropdown to the right of Medical, then select Start or Revisit to the right of Affordable Care Act (Form 1095-A)
5. Enter your relevant data on the  Let's get the info from your 1095-A form screen, then select Continue
6. On the Let us know if these situations apply to you screen, select the box next to I got married in 2023.  Enter your relevant information in the fields that generate below, then select Continue
7. On the Here's what we have for your 1095-As screen, add any additional Form 1095-A, information.  If none, select Continue

Be aware that, in some circumstances, the alternative calculation won't make a difference in the calculation.   

@user22342342name

[Angieknight88]

Question here! I have done a lot of research on the alternative calculation for year of marriage. Is there a way to do this on turbo tax? Can we just use half of our combined income on the months we weren't married when filling out info from the 1095A form, or is it more complicated than this? 

Thanks! 

[Cynthiad66]

If you get married mid-year, your premium tax credit eligibility is going to be based on your total combined income.  TurboTax will do all calculations for you just enter the information that is provided on the form 1095-A.

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@Angieknight88 

[Angieknight88]

Thanks for the reply! I ended up getting the expert help version of turbo tax, and realized I hadn't checked the box "I got married in 2023" and that ended up auto filling the form. When I looked over the forms, I found the form I had been working on figuring out, all filled out to account for those months I wasn't married. Wow, I can't believe I did all that work when it was literally one check box on turbo tax! 

[bt35]

did ythe alternative calc for getting married help reduce what you had to pay back?

[lijay108]

Where did you see the box to check that you got married in 2023?