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Tax form 1095-A shows a $81 credit on line with $0 premium. What to do on form 8962?
Partway through 2016, my contract ended and we went on WA Apple Health for a while. On Part 3 of my 1095-A, it shows the expected amount in columns A (gross premiums), B (SLCSP), and C (Monthly Advance Payment of Premium Tax Credit).
Of course, column C is not an amount literally paid to me; instead it's a discount on the premium. So for those months my monthly payment was column A minus column C.
But strangely, that last month of my contract, which was June, shows $0 in columns A and B, but the same $81 as previous months in column C. I think it must be a mistake; there was no premium to pay that month, and therefore no $81 discount on that nonexistent premium.
Following the instructions on form 8962 literally, that $81 counts against me just as if they had literally sent me a check for $81. Should I ignore it, excluding it from the amount I put in line 25 (line 25 is the sum of all the monthly tax credits in column C)?
CLARIFICATION: The month in question was right AFTER the contract ended, when we had no income. Not the last month OF the contract as I incorrectly said above.
1 Answer
- Anonymous4 years ago
Welcome to the club. The government is saying they paid $81 that month because according to them, you didn't terminate the contract correctly or early enough.
The IRS got the same 1095-A and will expect the $81.
You can call healthcare.gov and argue your case. (I have a relative who is losing several hundred dollar over this even though he clearly terminated the policy the year before.