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Why did I not receive the $1500 payback limitation on my affordable care act 1095A and I am required to pay the entire $3552?

Regarding form 8962
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1 Reply
Vanessa A
Employee Tax Expert

Why did I not receive the $1500 payback limitation on my affordable care act 1095A and I am required to pay the entire $3552?

The $1,500 is only if your household MAGI is less than 400% of  Federal Poverty Level.  If it is more than that, then you will have to pay back up to 8.5% of your income. 

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