Question

Question about 1095-A (healthcare) and filing jointly

Forum|Forum|6 years ago
February 27, 2020
1 reply
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I got married this year and I am filing jointly with my wife.

I had a health plan through healthcare.gov last year. Based on my projected income for 2019, I was give roughly a total of $500 in credit last year.

My income was about what I projected, however, when I input my 1095-A, my refund goes down about $500 (it removes all benefits I received in 2019)

Is this somehow also taking my wife's income into account and basically saying I made too much to receive that credit? Or could I be doing something else wrong? Do we have to file separately for me to get the 1095-A benefit?

Thank you for any help.

LeonardS

Yes, your wife's income is being taken into account. When you Premium Tax Credit is calculated it is based on the Household Income. If you were to file separately your Household Income would not change.

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A

avigo45Author

Thank you for the fast response!

We got married November last year. The healthcare premium only applied to me. My wife had insurance through her work.

How do I keep the premium I was given? Or does getting married at any time in 2019 mean I automatically lose the premium because legally our incomes have to be combined (wither filing jointly or seperately)?

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-Lindsay-

A) Yes, TurboTax Deluxe does handle form 1116

B) Yes, you can allocate in TurboTax by selecting that you got married during the year. Your repayment is NOT limited to $1,000 since you are married filing jointly. If your FPL is 270%, it is limited to $1,900. The alternative calculation is based on your filing status, not your status for the rest of the year

You may want to consider using the download version so you can see the forms directly and the calculations. You cannot do that in the online version, but if you have already gone through 4 programs, it may be helpful for you to see and be able to click on data source and explanations directly on the forms. You would still ENTER the information in the interview mode but then you can switch to see the forms.

Vanessa, I did purchase the downloadable version of TurboTax Deluxe and it saved me! After attempting to do my complex taxes with 4 other programs - 1 of which was another paid for/downloadable version of H&R Block, not only did TurboTax calculate everything for me so easily with regard to the ACA recalculation for marriage, it also walked me through forms 2555 and 1116 and I realized that my husband actually qualified for form 2555 which deducted ALL his foreign income from being taxed, instead of giving me a credit for the tax he already paid. The other programs treated form 2555 much differently and acted as if his 330 day physical presence had to begin on 1/1/2024. The best part is that I'm now getting a refund back and therefore won't be penalized for submitting my taxes late 😁

Thank you!