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8915F affecting Premium Tax Credit

lyndaj0331
Level 4

It seems totally unfair for an amount from the 8915F to affect the premium tax credit.  But, I guess in the prior year it also increased the credit due to the decreased income.  Does this seem right or am I missing something?  Thanks

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rbynaker
Level 13

There's still time for them to pay it back and reduce the taxable amount on the 2021 return...

See Repayment at several places in the instructions:

https://www.irs.gov/pub/irs-pdf/i8915f.pdf

Rick

 

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2 Comments 2
qbteachmt
Level 15

Anything that uses "MAGI" means you would need to look up what is included as MAGI, if you want to confirm the program is doing it right.

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rbynaker
Level 13

There's still time for them to pay it back and reduce the taxable amount on the 2021 return...

See Repayment at several places in the instructions:

https://www.irs.gov/pub/irs-pdf/i8915f.pdf

Rick

 

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