JimmyTheMan
Level 2

Both a man and his ex wife are the recipient of the 1095A  I added nothing into the software for his medical bills but after I input the 1095A the $20950 populates as Medical & Dental  He also took $20,207 of his 401K, and yes they took $4140 in Fed taxes and actually took $1566 in state taxes. I did enter the total amount of the distribution as as Code 1 an early distribution, A Gross Distribution, the Taxable amount, and Total Distribution I did not enter the net. He was in the hospital for a week It could have easily been $21K I do not have a mentor we could really use your help. 

The guy is filing single and his ex paid $334 monthly for their insurance the entire year but we will count it as if he paid for it because they are divorced and she has no income. Looks like they kept the family coverage the entire year as the 1095A is consistent He had $30,192 in Social Security but the program is only counting $5670 as income Looks like his income is just over 2 times but not 4 times the Federal poverty level. Obviously its the pension that is killing him. Does he really owe $17K?

no regular income

Interest income74
Taxable pensions20,207
Taxable social security benefits5,670
Total income25,951
Total adjustments0
Adjusted gross income25,951
Medical & dental20,990
Taxes3,769
Interest3,107
Total itemized deductions27,866
Standard deduction12,200
Larger of itemized or standard deduction27,866
Taxable income-1,915
Excess advance premium tax cr. repayment19,020
Tax before credits19,020
Total credits0
Tax after credits19,020
Tax on IRAs, other qual. ret. plans, etc2,021
Total tax21,041
Federal income tax withheld from 401K4,041
Total payments4,041
Amount you owe17,000
Marginal tax rate0.0%
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