Seems to be a catch-22... Must deduct money from IRA early to pay for health insurance which then puts you into a higher tax bracket? Doesn't seem right unless I can deduct those premium credit repayments somehow?
You'll need to sign in or create an account to connect with an expert.
Yes, you're correct that if you have to repay the advance premium credit it means that you have paid more for health insurance. This is automatically transferred to the Medical Expenses section of TurboTax, if you are able to deduct medical expenses.
Yes, you're correct that if you have to repay the advance premium credit it means that you have paid more for health insurance. This is automatically transferred to the Medical Expenses section of TurboTax, if you are able to deduct medical expenses.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
ajv28
New Member
scotttiger
Level 4
sues1008
New Member
evar935685
New Member
DanTheDapperMan
Level 1
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.