242532
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

klksaouaf
New Member

I took the HCTC (health care tax credit). My employer pays the majority of the premium... should I NOT have taken then credit?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
rjs
Level 15
Level 15

I took the HCTC (health care tax credit). My employer pays the majority of the premium... should I NOT have taken then credit?

If your employer pays 50% or more of the health insurance premiums you are not eligible for the Health Coverage Tax Credit (HCTC). I assume that "the majority of the premium" means more than 50%, so you should not have taken the credit.

View solution in original post

1 Reply
rjs
Level 15
Level 15

I took the HCTC (health care tax credit). My employer pays the majority of the premium... should I NOT have taken then credit?

If your employer pays 50% or more of the health insurance premiums you are not eligible for the Health Coverage Tax Credit (HCTC). I assume that "the majority of the premium" means more than 50%, so you should not have taken the credit.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question