Repayment of Healthcare Premium Tax Credit

[kestaxman]

To determine their premium tax credit a married couple put 39,000 as expected yearly household income for 2018 when filing for a health care plan on healthcare.gov. Their income increased throughout the year but they did not change the estimated income. At the end of the 2018 their AGI was about $107,000. Now as I do their 2018 tax projection they would like to know how much should expect to repay in premium tax credit. I don't have their 1095-A yet but they did give me the total amount they received as a credit for the year, $14,000.

Can anyone give advise or direction on how I could figure out an estimated amount they will be expected to pay back on their 2018 tax return.

Thanks!

[kathyc2]

At above 400% FPL all APTC amounts will need to be repaid. 400% for 2 people is 64,960.

[kestaxman]

Thank you, they are actually a family of 4 (husband, wife, 2 sons). Does that increase the threshold of 64,960?

[terryats]

Try this link. https://www.healthcare.gov/tax-tool/#/

[kathyc2]

Family of 4 400% is 98,400. If you can get AGI under that amount via such things as IRA's, maximum payback would be 2,600.