I am unemployed, and my wife if fully disabled. I estimated last years income hoping long-term unemployment would be reinstated, but it was not and my unemployment ended in the spring.
So I overestimated my income based on my wife’s disability and unemployment. Yet, now at tax time, … I use the tax slayer services… It states I need to return $600 of the subsidy. Estimated income was $32000… Actual is $19000 less standard $12000 deduction… I did not have coverage first 4 months of 2014, but used short term gap exemption code B.
I was expecting perhaps some of my out-of-pocket may be reimbursed… Not that I owe $600 overpayment of the subsidy.