USA Self employed health insurance deduction based on ACA credits

Joined
Jul 6, 2016
Messages
10
Reaction score
0
Country
United States
I'm trying to figure out how much to write off for health insurance. Let's say your premiums WOULD be $100 per month but you're getting a credit for $90, so your out of pocket amount is $10. But let's say based on your income, you had to pay back $100 of those credits on your tax return.

Would you write off $120, or the $220? My view is, that if you had paid the correct amount that year based on your estimated income, you WOULD have paid $220 during the year, but now have to play catch up.

Thoughts?
 

Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Members online

No members online now.

Forum statistics

Threads
11,631
Messages
27,576
Members
21,375
Latest member
dataanalyticscoursesegypt

Latest Threads

Top