turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
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.

If I owed for overpayment of obama care is that deducted from my taxes or do i then have a seperate bill for that?

 
Connect with an expert
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

If I owed for overpayment of obama care is that deducted from my taxes or do i then have a seperate bill for that?

If you will owe due to getting a high subsidy with Obama care (premium tax credit) then it will the added to the amount of taxes you have to pay and if you are due a refund, it will reduce your refund by the excess amount.  So you will not receive a separate bill for that, it will all be done when you complete your tax return.

View solution in original post

3 Replies

If I owed for overpayment of obama care is that deducted from my taxes or do i then have a seperate bill for that?

If you will owe due to getting a high subsidy with Obama care (premium tax credit) then it will the added to the amount of taxes you have to pay and if you are due a refund, it will reduce your refund by the excess amount.  So you will not receive a separate bill for that, it will all be done when you complete your tax return.

If I owed for overpayment of obama care is that deducted from my taxes or do i then have a seperate bill for that?

Thank you so much 🙂

If I owed for overpayment of obama care is that deducted from my taxes or do i then have a seperate bill for that?

You are welcome 🙂
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies