Will I Get a Refund from Obamacare

People who got insurance from the Affordable Care Act Marketplace generally have to pay back any overpayment of credit they got on their taxes. Or, if they were eligible for more credit than they received, they can claim a tax refund.

What happens if you overestimate your income for Obamacare?

It’s normal for most people to overestimate or underestimate their ACA premium tax credit by a small amount. … The difference will be reflected in your tax payment or refund. (You can instead pay your monthly premiums in full, then receive your accurate subsidy in your tax refund.

Do Obamacare subsidies have to be paid back?

For 2020, excess subsidies do not have to be repaid. … Unless this is extended beyond 2022 by future legislation, the rules would revert to the way they were in the past, with all premium subsidies having to be repaid if a household’s income ends up going over 400% of the poverty level.