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More "Challenges" with Form 8962

Level 2


Here are my circumstances:

Single client was laid off in December 2022.  She applied and received insurance from the Marketplace starting in January 2023.  She started a new job in March 2023 and, once she became eligible for health benefits from the new job, she terminated the marketplace insurance in April 2023.

The Form 1095-A lists the coverage for January - April 2023.  After I input this information, Form 8962 does their calculation, determines that she made more than 401% of the poverty level for the entire year, and wants her to repay $1,600 in premium credits from when she was unemployed. 

Is there a way in ProSeries that I can have Form 8962 only use her income for the period she had insurance in the marketplace (January - April) and not the rest of the year?

Thanks in advance for your assistance.


Michael Gilligan



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2 Comments 2
Level 15

I have never heard of anyone trying to do what you want to do. As far as I know it is on an annual year basis. Read the instructions. If I am wrong then hopefully someone will come along and correct me.

Level 15
Level 15

Yea, their marketplace insurance tax system sucks, shes gonna be stuck paying back that discount they gave her during those months she had the marketplace coverage.