Income changes? Check your advance payments of the premium tax credit

Income changes? Check your advance payments of the premium tax credit

Did you choose to reduce your monthly health insurance premium by having advance payments of your federal income tax credit sent to your insurance company? If you're getting married this summer, having a baby, or changing jobs, you need to estimate the impact of those events on the advance payments. Otherwise you may end up with a surprise in the form of a smaller refund or a req
uired repayment next year when you file your federal income tax return. Contact us for details.