Refund aca

[TAX4US]

Can someone check me on this? TP did get a 1095-A with following info: lines 21-25 col a 265.00 lines 21-25 col b 265.00 lines 21-25 159.00.

TP total income $4030 (4 thousand & thirty dollars) single and not claimed on any other return age 33.

8962 form is giving me a $495.00 refund.

Can you check me on this? or do you need to know more?

Many thanks as I have not hit one like this

[TaxGuyBill]

It seems pretty close to me. I haven't worked through the Form, but here are my mental calculations:


$4030 x 2.01% (Line 7 on 8962) = $81 for a 'net cost' for a full year of SLCSP, which is $34 for 5 months.

Total SLCSP ($1325) minus $34 = $1291 Total Premium Tax Credit.

$1291 minus $795 Advance credit = $496 additional credit on tax return.