If you receive Affordable Care Act tax credits and underestimate your annual income, you may have to pay them back. The rules vary depending on the year.

17 мая 2024 г. · However, with the advanced payment option, if you underestimate your income on your subsidy application, you risk receiving an entire year's ...

Your best option will be to talk to a tax professional. They will be able to walk you through all your options. If your income changes throughout the year, you ...

Overpayment or Underpayment. If you underestimated your income and received more APTCs than you were eligible for, you may need to pay back some of the credit.

6 сент. 2024 г. · What happens if you underestimate your income? One of the flaws of the ACA is the fact that you have to state your estimated income for the ...

If you estimate your income incorrectly and end up claiming more help than you are eligible for, you may have to pay back some or all of the premium tax credit ...

If you underestimated your income, call your state or federal marketplace to adjust your subsidy. You can do this at any time of the year. Less Than 400% FPL: ...

22 авг. 2024 г. · You'll have to repay some or all of that excess amount to the Internal Revenue Service (IRS) when you file your tax return.

If you don't report the change, you could have to pay money back when you file your federal tax return. If your income estimate goes down or you gain a ...