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mccool007
New Member

I overestimated my 2017 income and would have qualified for a subsidy under Obamacare. How do I get a refund for premiums paid? I put in the 1095A and no credits come up.

 
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1 Best answer

Accepted Solutions
LindaA
Expert Alumni

I overestimated my 2017 income and would have qualified for a subsidy under Obamacare. How do I get a refund for premiums paid? I put in the 1095A and no credits come up.

After you enter the 1095-A information, TurboTax will automatically determine if you qualify for the refundable Premium Tax Credit (PTC). If there is no entry Part III Column B, Monthly second lowest cost silver plan (SLCSP) premium, you'll need to use the Health coverage tax tool to get the value.


You can preview your 1040 to see if there is a net PTC on line 45 (1040A) or line 69 (1040). 

  • Continue your return in TurboTax Online. (If your return isn't open, you'll need to sign in and click Take me to my return.)
  • Click the drop-down arrow next to Tax Tools (lower left of your screen).
  • Select Tools.
  • Under Other helpful links…, click View Tax Summary.
  • At the left side of the screen, click Preview my 1040.
  • Scroll down to line 45 on Form 1040A (or line 69 on Form 1040). The net Premium Tax Credit, if any, will be here. (Click the screenshot below to enlarge it for reference.)

 

Please see the FAQs below for more information.

What is the Premium Tax Credit?     https://ttlc.intuit.com/replies/4234767


[Edited 02.18.2018 I 05:58PM PST]

View solution in original post

4 Replies
LindaA
Expert Alumni

I overestimated my 2017 income and would have qualified for a subsidy under Obamacare. How do I get a refund for premiums paid? I put in the 1095A and no credits come up.

After you enter the 1095-A information, TurboTax will automatically determine if you qualify for the refundable Premium Tax Credit (PTC). If there is no entry Part III Column B, Monthly second lowest cost silver plan (SLCSP) premium, you'll need to use the Health coverage tax tool to get the value.


You can preview your 1040 to see if there is a net PTC on line 45 (1040A) or line 69 (1040). 

  • Continue your return in TurboTax Online. (If your return isn't open, you'll need to sign in and click Take me to my return.)
  • Click the drop-down arrow next to Tax Tools (lower left of your screen).
  • Select Tools.
  • Under Other helpful links…, click View Tax Summary.
  • At the left side of the screen, click Preview my 1040.
  • Scroll down to line 45 on Form 1040A (or line 69 on Form 1040). The net Premium Tax Credit, if any, will be here. (Click the screenshot below to enlarge it for reference.)

 

Please see the FAQs below for more information.

What is the Premium Tax Credit?     https://ttlc.intuit.com/replies/4234767


[Edited 02.18.2018 I 05:58PM PST]
LindaA
Expert Alumni

I overestimated my 2017 income and would have qualified for a subsidy under Obamacare. How do I get a refund for premiums paid? I put in the 1095A and no credits come up.

The answer has been edited to include the link to the health coverage tax tool.
mccool007
New Member

I overestimated my 2017 income and would have qualified for a subsidy under Obamacare. How do I get a refund for premiums paid? I put in the 1095A and no credits come up.

That line is empty
LindaA
Expert Alumni

I overestimated my 2017 income and would have qualified for a subsidy under Obamacare. How do I get a refund for premiums paid? I put in the 1095A and no credits come up.

If Part III Column b on your Form 1095A is empty, use the health coverage tax tool to find the value. (The link to the tool is in the edited answer above.) TurboTax will use this information to see if you qualify for the Premium Tax Credit.
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