I received more tax credit towards my health insurance premium.
I understand that I must pay back the difference. However, based on my income, it appears that there is a $300 cap on what I need to pay back.
I'm new here, so I can't post URLs, but if you google this , you'll see what I'm talking about:
cap on the amount of advance credits that individuals and families must pay back
After I file my 2014 taxes, which agency (IRS or Healthcare.gov) will bill me the $300? What if they bill me for the whole $1000(for example)? In case I need to prove to them that I should be protected by the $300 cap, which law or regulation should I refer to?
Thanks!
I understand that I must pay back the difference. However, based on my income, it appears that there is a $300 cap on what I need to pay back.
I'm new here, so I can't post URLs, but if you google this , you'll see what I'm talking about:
cap on the amount of advance credits that individuals and families must pay back
After I file my 2014 taxes, which agency (IRS or Healthcare.gov) will bill me the $300? What if they bill me for the whole $1000(for example)? In case I need to prove to them that I should be protected by the $300 cap, which law or regulation should I refer to?
Thanks!