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February 23, 2025
Question

Premium tax credit for individual

  • February 23, 2025
  • 1 reply
  • 0 views

If you received a premium tax credit for health insurance through the healthcare marketplace for 12 months, but never used it do you still have to show or file it on your tax return?

1 reply

SharonD007
February 23, 2025

Yes, even though you didn't use your health insurance through the Marketplace, it still has to be reported on your taxes because you did receive the advanced premium payments.

 

For more information, please review the TurboTax articles What is the Premium Tax Credit (PTC) and What is Tax Form 8962? and Video: How to Claim the Affordable Care Act Premium Tax Credit (Obamacare)?

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