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My wife had some US Government forms that needed to be filled out and returned. Because of her medical condition, she couldn't fill them out longhand, and she asked me if there was a way she could type and fill them in. We couldn't find access to a typewriter (WHAT'S THAT???), but I searched on Google and found information about your app. I had worked with some PC-based forms applications before, so I knew what type of function I was looking for. I scanned the forms into a PDF, and PDFfiller opened the files and allowed me to create editable fields on the forms which she then filled using your browser-based app. It got the job done! There were a couple times where she thought she had lost everything, but because of the automatic save function, nothing was lost. Unfortunately, I don't have any other immediate need for this, but I certainly hope you use this for promoting your product. I would have given it 5 stars had there been an apparent way of copying all the fields I added to one page and paste them onto identical subsequent pages in my document (you know the Government--lots of duplicate type information!). I had to create the same fields over about 8 or 9 identical pages on one of the forms. If I find I do have more use for this app in the near future, I will purchase it!
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Do you have to pay back health care subsidies?
If you already benefited from premium assistance payments, you'll have to pay them back to the IRS when you file your income taxes for the year. The amount you'll have to pay back depends on your family income. You calculate the amount you have to repay by completing IRS Form 8962, Premium Tax Credit.
Will I have to pay back healthcare subsidy?
You Might Have to Pay the Health Insurance Subsidy Back If you overestimated your income for the year, then the subsidy the government paid in advance to your insurer was smaller than it should have been. No harm. No foul. The difference will be added to your tax refund or will decrease the amount of taxes you owe.
Do I have to repay premium tax credit?
A tax credit you can take in advance to lower your monthly health insurance payment (or premium). If at the end of the year you've taken more premium tax credit in advance than you're due based on your final income, you'll have to pay back the excess when you file your federal tax return.
How can I avoid paying back my premium tax credit?
The easiest way to avoid having to repay a credit is to update the marketplace when you have any life changes. Life changes influence your estimated household income, your family size, and your credit amount. So, the sooner you can update the marketplace, the better. This ensures you receive the correct amount.
How does health insurance subsidy affect tax return?
You Might Have to Pay the Health Insurance Subsidy Back If you overestimated your income for the year, then the subsidy the government paid in advance to your insurer was smaller than it should have been. No harm. No foul. The difference will be added to your tax refund or will decrease the amount of taxes you owe.
What if I overestimate my income for Obamacare 2019?
If you overestimate your income AND you purchase your health insurance on the federal exchange (or state marketplace, depending on where you live), then you will receive all of your qualify subsidy as a tax credit when you file taxes at the end of the year. So let's say I do overestimate my income.
Do you have to pay back the tax credit for health insurance?
This is officially called the premium tax credit. The amount of the premium assistance is based on your estimated income and the amount of your health insurance premiums. However, at higher income levels, you'll have to pay back the entire amount you received, which could be a lot.
Do you have to pay back premium tax credit?
A tax credit you can take in advance to lower your monthly health insurance payment (or premium). If at the end of the year you've taken more premium tax credit in advance than you're due based on your final income, you'll have to pay back the excess when you file your federal tax return.
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