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See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
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AAE
Level 1
04-11-2022
02:32 PM
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I have a client who gave me a 1095-A and they did not receive any credit in advance so they are receiving the premium tax credit for what they paid. However, I am not sure they qualify for the credit since they are able to get coverage through the husband's employer sponsored plan. I don't see an option to remove the credit or to enter that they qualify for an employee sponsored plan. Do I leave the credit as is on their return?
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TaxGuyBill
Level 15
04-11-2022
02:58 PM
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You need to determine if the employer insurance was "affordable" or not.
https://www.irs.gov/instructions/i8962#en_US_2021_publink100013177
If the employer insurance was "affordable", then you enter $0 for the SLCSP.
AAE
Level 1
04-11-2022
03:15 PM
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Ah okay that makes sense. Thank you. I will get more information from my client on this.
AAE
Level 1
04-12-2022
12:31 PM
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How do I determine if coverage was affordable? It is difficult to understand in the instructions.
