I have 1095-A and 1095 C. How can I reduce amount I owe on Taxes?

guy94dab · ‎February 12, 2024

I started employer health insurance in Feb 2023 (1095-C) and did not cancel Marketplace insurance at that time, oops! Now my federal refund is reduced by 1800. Is there anything I can do to reconcile?

xmasbaby0 · ‎February 12, 2024

Oh no. You made a mistake by not informing heathcare.gov that your circumstances changed. You continued to receive healthcare premiums from the government program that was paying part of your monthly amount due to the insurance company. It was your responsibility to inform them of any change. You can call them, but you are very likely just stuck with this.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

MinhT1 · ‎February 12, 2024

No. There's nothing you can do to reduce the amount of Advance Premium tax credit that you have to repay.

You aren't allowed to have a Marketplace health policy while you are covered by your employers' policy and now have to repay all the advance premium tax credit you received from February on.

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

Expert does your taxes

Do it yourself

Resources

Support

I have 1095-A and 1095 C. How can I reduce amount I owe on Taxes?