My client got married mid year and was previously eligile for the PTC. They are over the 401% poverty line and if I take half of their income they are still over $75,900. My understanding is that this has to be paid back even though they qualified for the credit on their own income and before they were married. Is this correct?

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Just-Lisa-Now-
Level 15
Level 15
You understand correctly....is Married Filing Separately an option?

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My understanding is that MFS eliminates the credit as well.
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Just-Lisa-Now-
Level 15
Level 15
MFS may limit the payback amount.... you don't have any credit to get....you're trying to lower the amount they have to payback now.

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abctax55
Level 15

Lower the income by an HSA and/or retirement plan contributions if possible?

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