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brubaker
New Member

My self-employed income level for 2018 allows for a health insurance subsidy. Why is TTax showing I have to pay 100% of the advance premium payments back?

 
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5 Replies

My self-employed income level for 2018 allows for a health insurance subsidy. Why is TTax showing I have to pay 100% of the advance premium payments back?

What is your filing status?
brubaker
New Member

My self-employed income level for 2018 allows for a health insurance subsidy. Why is TTax showing I have to pay 100% of the advance premium payments back?

Single
MarilynG
Expert Alumni

My self-employed income level for 2018 allows for a health insurance subsidy. Why is TTax showing I have to pay 100% of the advance premium payments back?

You can Preview/Print/Download your return to look at the entries and calculations for the Premium Tax Credit on Form 8962 to be sure they are correct.

There are limits on how much you have to repay; for Single filers, that amount is $600. 

If you believe that Form 8962 is calculated incorrectly, you can contact healthcare.gov. 

Here's some IRS info:

https://www.irs.gov/affordable-care-act/individuals-and-families/four-things-to-know-about-advance-p...

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brubaker
New Member

My self-employed income level for 2018 allows for a health insurance subsidy. Why is TTax showing I have to pay 100% of the advance premium payments back?

Thanks Marilyn, when you say 'preview' do you mean look under the hood and see exactly what the entries are in the tax forms? You used to be able to do this in previous version of TTax. But when I try and print TTax wants me to pay. Thanks for your thoughts.
MarilynG
Expert Alumni

My self-employed income level for 2018 allows for a health insurance subsidy. Why is TTax showing I have to pay 100% of the advance premium payments back?

On the left-side menu, click Tax Tools > Tools then 'View Tax Summary' from the pop-up menu. Back at the left-side menu, choose 'Preview my 1040'.  It's not complete, but may help.
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