TaxGuyBill
Level 15
05-12-2020
05:07 PM
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As George mentioned, there is not an exception for repaying the Advance Premium Tax Credit.
- The first thing to try is to see if contributing to retirement accounts would lower income below 400% of the Federal Poverty Level (which will limit the amount of the repayment).
- If that doesn't work, see if filing as Married Filing Separately will help anything (it may lower one or both spouses to under 400%).
- If that doesn't work, try combining #1 and #2.