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?
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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.
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