CA Premium Assistance Subsidy repayment
View More DetailsIs it correct for Form 3849 to include an amount on line 11d, Annual federal PTC amount, if there was NOT a federal PTC or advanced PTC amounts?
There is not a Form 8962 generating in the return because income is below 100% of federal poverty amount, so they are not entitled to a credit. The California Form 3849 is including the amount calculated on Worksheet 4 and 5 in the instructions.
By including the amount of federal PTC, which was not received, is requiring a repayment of the entire California Premium Assistance Subsidy. This does not seem correct.
Any input would be appreciated.
Comments
Tamara, I'm not sure about this. If their income was below 100% of the federal poverty level they might have been eligible for Medi-Cal. I'm wondering if that is playing into the calculation somehow. But there are repayment limits in CA. If their income is below 200% of the federal poverty level their California premium assistance repayment is capped at $300 for single taxpayer ($600 for all others).