Why is it when i add the 1095 info i owe money i have never owed anythign in the past and have gotten marketplace insurance for years

pjm0212 · ‎February 3, 2020

MayaD · ‎February 3, 2020

The reason you owe after entering the 1095-A form can be the Advance tax credit. When you file your return and enter the 1095-A you reconcile the Advance Premium Tax Credit. If at the end of the year you've taken more premium tax credit in advance than you're due based on your final income, you'll have to pay back the excess when you file your federal tax return.

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MayaD · ‎February 3, 2020

The reason you owe after entering the 1095-A form can be the Advance tax credit. When you file your return and enter the 1095-A you reconcile the Advance Premium Tax Credit. If at the end of the year you've taken more premium tax credit in advance than you're due based on your final income, you'll have to pay back the excess when you file your federal tax return.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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Why is it when i add the 1095 info i owe money i have never owed anythign in the past and have gotten marketplace insurance for years