You can adjust the Premium Tax Credit calculation to reflect your marriage during the year. Unless you file separate returns, however, your income will be an element of the PTC calculation. The Alternative calculation for year of marriage provision does not permit for your spouse's pre-marriage income to "stand alone" on a joint return. The Alternative Calculation applies a preset method. The calculation uses your joint income, and does not account for your spouse's specific income prior to marriage.
If your joint income is close to or above $85/$90k or more, an Advanced Credit for more than half the year is likely to cause a large payback.
Turbo Tax does calculate the Premium Tax Credit when you got married during the year. Follow these steps:
The detailed source of this calculation starts on page 34:
https://www.irs.gov/pub/irs-pdf/p974.pdf
You can adjust the Premium Tax Credit calculation to reflect your marriage during the year. Unless you file separate returns, however, your income will be an element of the PTC calculation. The Alternative calculation for year of marriage provision does not permit for your spouse's pre-marriage income to "stand alone" on a joint return. The Alternative Calculation applies a preset method. The calculation uses your joint income, and does not account for your spouse's specific income prior to marriage.
If your joint income is close to or above $85/$90k or more, an Advanced Credit for more than half the year is likely to cause a large payback.
Turbo Tax does calculate the Premium Tax Credit when you got married during the year. Follow these steps:
The detailed source of this calculation starts on page 34:
https://www.irs.gov/pub/irs-pdf/p974.pdf