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Employee
April 4, 2025
Question

1095-A Form Input & Form 8962

  • April 4, 2025
  • 1 reply
  • 0 views

Since I have entered my tax information in Turbo, my marketplace insurance has updated my salary, etc and told me that the IRS will see this new information and match it to my tax information on the 8962. Is this true? Because as of now I owe  the 8962 is showing I owe $4952.00. I want to know how much before I file the taxes.

    1 reply

    April 4, 2025

    The amount that you would have to pay back for the Advanced Premium Tax Credit should be $4952.00 calculated on the 8962.  The indication from the Marketplace applies to the 2025 Advanced Premium Tax Credit.