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

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

Pay back some of PTC

I just completed Form 8962 in the TurboTax desktop version. I need to pay back some of the PTC, but my CA refund hasn't been reduced by the amount I owe. Should it be automatically adjusted once I complete the Form 8962?

 

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
MinhT1
Expert Alumni

Pay back some of PTC

The repayment of the premium tax credit (PTC) is taken out of your Federal refund (or added to your Federal tax due). 

 

It does not affect your CA state refund.

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

View solution in original post

1 Reply
MinhT1
Expert Alumni

Pay back some of PTC

The repayment of the premium tax credit (PTC) is taken out of your Federal refund (or added to your Federal tax due). 

 

It does not affect your CA state refund.

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

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