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April 5, 2020
Question

Does it make sense that I made less last year and have to pay back money for my PTC? I calculated my repayment limitation will be $300 while using form 8962.

  • April 5, 2020
  • 1 reply
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1 reply

April 5, 2020

Yes, it makes sense.  This can happen. 

When you apply for coverage in the Health Insurance Marketplace, you have to estimate your expected income for the entire year.  If the estimate is off, sometimes you'll have to pay back any excess.