1095A
This is my first year filing a joint return, why do I owe once I added mybform 1095A?
Answers
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Godislove23,
Form 1095-A reconciles the Premium Tax Credit. It sounds like you may have to pay back some of the premium. Look for Schedule 2, Part I, line 2 in the PDF copy of your tax return found by selecting VIEW at the bottom of the SUMMARY page.
When you got married, your combined income changed the amount of premium tax credit you were eligible to receive. You would have needed to log into your account at healthcare.gov (or state healthcare exchange) to update your information - increased income, marriage, etc., in order to change the amount of advanced premium you were elgible to receive (probably less).
Your tax return is now reconciling all this information for the year, resulting it what is probably the need to pay back some of the advance premium.
