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Why did my refund go down after entering my 1095-A? I know it'll go down if you made more than you estimated for the year, but I made a lot less than I thought.

I entered in all my healthcare info.  My refund went down a lot after putting in the 1095-A info.  A little notation said this will happen if you make more than you tell the Marketplace you thought you would for the year, but I made less than I thought I would.  In fact, I only made half as much as I expected this past year.  Why did my tax refund amount go down so much?

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Level 1

Why did my refund go down after entering my 1095-A? I know it'll go down if you made more than you estimated for the year, but I made a lot less than I thought.

The refund monitor can sometimes be delayed, so it may have been your healthcare entries that changed it, or it could have been something else. The two things that could cause your refund to go down relating to healthcare are:

  • Excess advance premium tax credit repayment on Form 1040, line 46 or Form 1040A, line 29. 
  • Health care: individual responsibility payment on Form 1040, line 61 or Form 1040A, line 38. 

The premium tax credit repayment should have only been if you made more than you told the marketplace you were going to make. 

The individual responsibility payment should have only been if you did not have healthcare during multiple months. 

If either of these have values, I would recommend looking over the 8962 to make sure your entries look good.