Financial Help Repayment Limits
We determine the amount of financial help you receive from the federal government, based on the income and family size you entered on your application for health insurance. When you file your taxes, if you earned less in the previous year than the income you told us on your application, you may receive a credit or refund. If you earned more than the income you stated on your application, you may have to repay some or all of the financial help that you didn’t qualify for.
There are limits to the amount you may need to repay, depending on your income and if you file taxes as “Single” or something else. The limits are calculated based on the federal poverty level (FPL). See the table at the bottom of the page to learn your FPL.
These are the repayment limits for the federal premium tax credit for the 2022 tax year:
|Household Income||Single||All other filers|
|Less than 200% FPL||$325||$650|
|200% - 300% FPL||$825||$1,650|
|300% - 400% FPL||$1,400||$2,800|
|Over 400% FPL||No limit||No limit|
Example 1: A single individual with income under $25,760 would have to repay no more than $325 if they received too much federal premium tax credit.
A single individual with income between $25,760 and $38,640 would have to repay no more than $825 if they received too much federal premium tax credit.
Example 2: A household of two with income under $34,840 would have to repay no more than $650 if they received too much federal premium tax credit.
A household of two with income between $34,840 and $52,260 would have to repay no more than $1,650 if they received too much federal premium tax credit.
Household Income Ranges by Federal Poverty Level (2022)
|Household Size*||Less than 200%||200% – 300%||300% – 400%||More than 400%|
|1||$0 - $25,760||$25,760 - $38,640||$38,640 - $51,520||$51,520 or more|
|2||$0 - $34,840||$34,840 - $52,260||$52,260 - $69,680||$69,680 or more|
|3||$0 - $43,920||$43,920 - $65,880||$65,880 - $87,840||$87,840 or more|
|4||$0 - $53,000||$53,000 - $79,500||$79,500 - $106,000||$106,000 or more|
* For other household sizes, see the Program Eligibility by Federal Poverty Level for 2022 chart.
Please consult the Internal Revenue Service, or a tax advisor if you have questions about your specific forms, penalty amount or tax return. The information on this page is not intended as tax advice, and your situation may vary.
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