turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Robert-S-
New Member

Why did the information inputted from form 1095-A, take away almost $800 of my refund??

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
MollsBBU
New Member

Why did the information inputted from form 1095-A, take away almost $800 of my refund??

You could owe back some of the Premium Tax Credit that helps you pay for your health insurance premiums.

If you received the premium tax credit as a monthly advance to reduce your healthcare premiums, you gave the marketplace your 2017 estimated income, usually based on your last years income when you signed up. The advance is based on that estimate.  

If your income for 2017 was more than your estimated income, you may have to pay back some of the money that reduced your monthly payments.

View solution in original post

1 Reply
MollsBBU
New Member

Why did the information inputted from form 1095-A, take away almost $800 of my refund??

You could owe back some of the Premium Tax Credit that helps you pay for your health insurance premiums.

If you received the premium tax credit as a monthly advance to reduce your healthcare premiums, you gave the marketplace your 2017 estimated income, usually based on your last years income when you signed up. The advance is based on that estimate.  

If your income for 2017 was more than your estimated income, you may have to pay back some of the money that reduced your monthly payments.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies