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Help Paying Marketplace Premiums: Challenges Estimating Income and Tax Consequences
What’s the most I would have to repay the IRS?
For the 2022 tax year, you must repay the difference between the amount of premium tax credit you received and the amount you were eligible for. There are also dollar caps on the amount of repayment if your income is below 4 times the poverty level.
Repayment Limits for Advanced Premium Tax Credits, 2022 Tax Year
| Income as percentage of poverty line |
Annual income for an individual |
Repayment limit for an individual |
Annual income for a family of four |
Repayment limit for other taxpayers |
|---|---|---|---|---|
| Under 200% | Under $25,760 | $325 | Under $53,000 | $650 |
| At least 200% but less than 300% |
$25,760 to $38,640 | $825 | $53,000 to $79,500 | $1,650 |
| At least 300% but less than 400% |
$38,640 to $51,520 | $1,400 | $79,500 to $106,000 | $2,800 |
| 400% and above | $51,520 or more | None | $106,000 or more | None |