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katrinamalia81
April 2, 2025
Question

Hi. In 2024 i recieved subsisdy for my marketplace insurance plan.my income will be 10k, this is below the 100% fpl but TT estimates i only have to pay back $6 in subsidy

  • April 2, 2025
  • 1 reply
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    1 reply

    S
    SabrinaD2
    April 2, 2025

    If your income is below 100% of the Federal Poverty Level (FPL) and you received a subsidy for your Marketplace insurance plan, you generally wouldn't have to repay the subsidy. 

     

    Given your income of $10,000, which is below the 100% FPL for a single individual in 2024, TurboTax estimating a repayment of only $6 may be accurate. 

     

    This small repayment amount is likely due to the repayment caps in place to protect low-income individuals

     

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