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Robert-S-
New Member

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

 
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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.

View solution in original post

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