Federal poverty line paying back advance premium tax credit

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  • tlady
    replied
    Originally posted by TaxGuyBill
    No. If Advance credit was received, going below 100% of the FPL does not disqualify the Premium Tax Credit. Because their income was lower than estimated, they will receive Additional Credit on the tax return.
    Thank you. Maybe I will be able to sleep now. I have been just sick about client paying this back.

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    • TaxGuyBill
      replied
      No. If Advance credit was received, going below 100% of the FPL does not disqualify the Premium Tax Credit. Because their income was lower than estimated, they will receive Additional Credit on the tax return.

        Leave a comment:

      • tlady
        started a topic Federal poverty line paying back advance premium tax credit

        Federal poverty line paying back advance premium tax credit

        Family of 2 under 65 only income is SS of 7104. Federal poverty line is 45% received monthly advance payment of premium tax credit with the marketplace on 1095A. Will the advance payment of premium tax credit need to be paid back since the income isn't at 100% Poverty line?
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