Ask Experts Questions for FREE Help !
Ask
    imadthegreat's Avatar
    imadthegreat Posts: 53, Reputation: 1
    Junior Member
     
    #1

    Feb 6, 2018, 10:19 AM
    Form 8962 and 109-A - Refund on advance payment
    Hi

    I am 69 years old and don't work and neither does my spouse work. We live with our son. I didn't pay any taxes - no earnings and no W2 or 1099, however took advantage of ACA, so I have to file taxes.

    I have a 1095-A whose line 33C (monthly advance payment of premium tax credit) is 17508. While line 33B (SLCSP) is $17590. My annual contribution amount on line 8a of form 8962 is $12. So, my annual maximum assistance comes out to $17578. Because of this, I am getting a refund of 17578 - 17508 = $70.

    Does this sounds right? I thought, I was not supposed to get anything back.

    Thanks
    ma0641's Avatar
    ma0641 Posts: 15,675, Reputation: 1012
    Uber Member
     
    #2

    Feb 7, 2018, 02:42 PM
    At 69, why aren't you on Medicare? Social Security? No IRA? Interest?
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
     
    #3

    Feb 12, 2018, 03:15 PM
    MA0641 has a point: No Social Security or Medicare?

    Your answer will help out analysis.

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

How to book and employee advance payment? [ 3 Answers ]

This is a combination Quickbooks/accounting question. How do I book the following: -Employee gets a $200 advance (Against the expense account, called "Employee Advance) -Employee "pays back" advance via a $200 deduction from the next payroll How do I book this properly in QB? I thought it...

Advance payment [ 0 Answers ]

I confirmed the order with supplier x,the payment terms is 20% advance and remaining after The goods are finished.so I paid advance as 20000 usd to supplier x.what will be accouting treatment of it?

Tax refund from NY while payment to NJ [ 1 Answers ]

When I filed 2007 returns, I received $42 refund from NY and paid $145 tax to NJ when I filed the tax return. I also itemized my federal tax return for 2007. For 2008, shouldn't I get credit for paying taxes on 145-42=$103 (net of payment and refund)? This is the amount that was not reported on...

How can I get a tax refund without my W-2 form? How can I get my W-2 form my previ [ 8 Answers ]

How can I get a tax refund without my w-2?

Tax payment or refund? Which might it be? [ 11 Answers ]

I am a 38 year old male (11/10/1969 DOB) and located in Ky. At my factory job, my W2 shows I made 34,608.35 (Box 1)... I paid $242 in property taxes on a lot I owned last year, but sold it Feb, 2007. I originally paid $23,000 for the lot, in 2003. I sold it for $34,000, of course the realtor...


View more questions Search