Solved
I was unemployed until 4/22/25. Spouse and I were on ACA healthcare from 2/1 -5/6. We owe underpayment and ACA repayment. How can this be reduced?
Will annualizing income help? If so, how do I calculate it?
No, annualizing won't help for ACA repayment. The total income of the household for the year is considered when calculating this on Form 8962. If you're using TurboTax Desktop, you can view the calculations in FORMS mode.
In TurboTax Online, after you pay, you can View/Print/Save your returns to view the form.
The Repayment Amount is limited to the amounts on Table 5, on Page 17 of Instructions for Form 8962.
Enter your E-mail address. We'll send you an e-mail with instructions to reset your password.
©1997-2022 Intuit, Inc. All rights reserved.
Intuit,
QuickBooks, QB, TurboTax, ProConnect, and Mint are registered
trademarks
of Intuit Inc. Terms and conditions, features, support, pricing,
and service options
subject to change without notice.
Security
Certification of the TurboTax Online application has been
performed by
C-Level Security.
By accessing and using this page you
agree to the
Terms of Use.
Accessibility
