Hi, I am unemployed in 2020, eligible for the NYS Essential plan of health insurance with $0 premiums. But I did not know about that when I applied for 2020 insurance in November 2019, pay the regular full price of $480/month January- November in 2020. Why I do not get any refund on a federal tax return?
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To get the Premium Tax Credit (PTC) on your federal return, you need to have received form 1095-A. You receive a 1095-A if you purchased health insurance through Healthcare.gov or your state's health insurance marketplace. It should include info for everybody on your return who was enrolled in a Marketplace plan.
The Premium Tax Credit is a tax credit to help make health coverage more affordable when you purchase health insurance from Healthcare.gov or a state Marketplace.
You qualify for the credit if:
If you qualify, you can either take your tax credit as a monthly subsidy to help pay for your insurance costs or claim the entire credit when you file your tax return.
Related Information:
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