1-800-829-1040
You can call 1-800-829-1040 to get answers to your federal tax questions 24 hours a day. Tax forms and instructions for current and prior years are available by calling 1-800-829-3676.

What are the refundable tax credits for 2018?

If you qualify for one or more refundable tax credits, you could get a refund even if you didn’t give Uncle Sam more than you owed during the tax year….

• Earned income tax credit.
• Premium tax credit.
• American opportunity tax credit.
• Additional child tax credit.

How much do I have to pay back for health insurance subsidy?

Form 8962 is used to reconcile premium tax credits, and the IRS explains how the repayment process works: Depending on your income and your tax filing status, the maximum amount you’d have to pay back varies from $300 to $2,550, assuming your income makes you eligible for at least some amount of premium subsidy.

Where does the subsidy go on your tax return?

The upfront subsidy was only an estimate. The final subsidy would be squared up on your tax return. If you didn’t receive the subsidy when you enrolled but your actual income qualified, you would get the subsidy as a tax credit when you filed your tax return.

When do I owe back subsidies after getting a job?

Even 6 months of that pay is going to ensure you no longer qualified for credits (for the whole year, not just moving forward) are repaying the full tax-credit amount (repayment limits are based on income). In cases where you needed tax credits at one point in the year, and not at another, you may owe back tax credits.

How much do you have to pay back on premium tax credits?

Form 8962 is used to reconcile premium tax credits, and the IRS explains how the repayment process works: Depending on your income and your tax filing status, the maximum amount you’d have to pay back varies from $300 to $2,550, assuming your income makes you eligible for at least some amount of premium subsidy. 4