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If i had aca and became ineligible at end of year do I have to umburse for whole year or only months after i became ineligible

Forum|Forum|7 years ago
June 1, 2019
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I took money out if my ira in august and that made me above income allowed for receiving health premiums do i have to repay the whole year?

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Best answer by dmertz

Premium Tax Credits are determined on Form 8962 an annual basis on annual income (AGI), not monthly income. If your AGI puts you above 400% of the federal poverty limit, you are not eligible for any PTCs for the year and you must repay all PTCs.

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dmertzAnswer

Employee

Premium Tax Credits are determined on Form 8962 an annual basis on annual income (AGI), not monthly income. If your AGI puts you above 400% of the federal poverty limit, you are not eligible for any PTCs for the year and you must repay all PTCs.