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wolftrack
Returning Member

I had mistakenly taken the Premium Tax Credit (health insurance discount) for part of 2022, and I need to pay it back. Where? I seemingly can't access form 8962 in TT.

TurboTax is currently doing the opposite, thinking I not only qualify, but should be getting even more of a Premium Tax Credit than I already took ,and I can't find a way to undo it all.  I should not have any PTC at all.  
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2 Replies
MarilynG1
Employee Tax Expert

I had mistakenly taken the Premium Tax Credit (health insurance discount) for part of 2022, and I need to pay it back. Where? I seemingly can't access form 8962 in TT.

When you enter your Form 1095-A, Form 8962 is automatically generated for you.  Make sure you only enter what is on the form; don't put 0's in blank areas.

 

If you're using TurboTax Online, you can't access the form directly, but in the File section, you can Save/Print/View a copy of your return to view the calculations.

 

If you entered the 1095-A correctly, you may be eligible for a PTC credit.  

 

You could Delete Form 1095-A and re-enter it to see if your result changes.  After deleting the form, close TurboTax, clear your Cache and Cookies, re-open TurboTax and enter the 1095-A again. 

 

Here's more info on How is the Premium Tax Credit Calculated

 

@wolftrack 

 

 

 

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wolftrack
Returning Member

I had mistakenly taken the Premium Tax Credit (health insurance discount) for part of 2022, and I need to pay it back. Where? I seemingly can't access form 8962 in TT.

Thanks--I think the problem stems from the 1095-A showing that I took a PTC in column C.  This further stems from initial sign-up to the insurance plan.  I should not have received any credits at all, and should have had zero discounts.  Clearing form 1095-A in Turbotax just re-creates the same results again, as my form does indeed show discounts, but it turns out I should not have had them and it took some time to correct with my insurance provider. 

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