We set up obamacare and were given a credit and or income matched what we set up, but now we owe the 1500 back, why is this?

We were both students in 2016 as well

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If you received the Premium Tax Credit as a monthly advance (APTC) to reduce your healthcare premiums, the credit amount was an estimate. It was based on your 2016 estimated income, usually based on your last years income when you signed up.

If your income for 2016 was more than your estimated income, you may have to pay back some of the credit that reduced your monthly payments.

Downloaded the NY 1099-G form and found the amount matching with the New York State Inflation Refund Check I received in 2025. Does it mean the amount is taxable for Federal? Am I supposed to file it under Other 1099-G Income in the 1099-MISC section?

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We set up obamacare and were given a credit and or income matched what we set up, but now we owe the 1500 back, why is this?

We set up obamacare and were given a credit and or income matched what we set up, but now we owe the 1500 back, why is this?

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We set up obamacare and were given a credit and or income matched what we set up, but now we owe the 1500 back, why is this?

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We set up obamacare and were given a credit and or income matched what we set up, but now we owe the 1500 back, why is this?

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