I expected an ACA premium refund. I paid $5,886.36 (no up front discounts) and have low income (below FPL). Turbo tax isn't showing it as refundable. Any ideas on why?

[Vanessa A]

Yes, if your income is below the FPL, then you are not eligible for the Premium Tax Credit.  If your income is too low, you would be eligible for Medicaid.  If you are eligible for Medicaid, then you generally are not eligible for the Premium Tax Credit. 

The Other reason could be is if you are married filing separately, you are not eligible for the Premium Tax Credit. 

[briankehm]

Thanks for the info and that’s a wild rule. I didn’t have Medicaid and paid close to $6,000 in full premiums. If I’m able to report a few thousand more in income, I’ll get a $5,000+ refund. If not, I’ll owe close to $250.

[rtonkinson]

But, it seems to indicate that if you expected to have income above the FPL, but then end up below the FPL, you can still get the credit, but only if you received an APTC for at least one month.  How do you know if you received an APTC for at least one month?

[IsabellaG]

Part III, Column C  of Form 1095-A shows the APTC paid for each  month. 

[rtonkinson]

It does not show anything in that column. 

[Vanessa A]

If it does not show anything in column C, you did not get the Advanced Premium Tax Credit.  This is reported in Column C.  

No.  You cannot get the credit based on what you expected.  The Advanced Credit is given based on your expected income.  However, when you file your taxes you reconcile the credit you received in Column C with what you are actually entitled to.  If you are entitled to more, then you would have a refund.  If you are entitled to less, then if you received some, then you would have to pay back the extra you received that you were not entitled to. 

 If you received nothing and your income leaves you entitled to nothing, then you would not get a credit, nor would you have to pay it  back.