Premium Tax Credit Repayment Cap Estimator

Size the most you may have to pay back when reconciling advance premium tax credits. Provide your household MAGI, the federal poverty guideline for your household size, and the advance credit paid on your behalf to see your income-to-FPL ratio, the IRS repayment cap for your filing status, and the excess credit you would remit after applying the cap.

Use the MAGI figure that drives Form 8962 income calculations.
Total FPL dollar amount for your household size in your state.
Total APTC paid to the marketplace (Form 1095-A column C total).
Optional. Defaults to single. Enter "married" to use the joint filer repayment caps.
Optional. Defaults to the advance credit amount if left blank.

This tool summarizes IRS repayment caps for informational purposes and is not a substitute for professional tax advice.

Examples

  • Single filer: $68,000 MAGI, $32,580 FPL, $5,400 advance credit, $4,200 allowed credit ⇒ Income-to-FPL ratio: 208.72% (>200% to 300% FPL) • Repayment cap applied: $950.00 • Excess credit to repay: $950.00 • Advance credit remaining after repayment: $4,450.00.
  • Married filing jointly: $142,000 MAGI, $33,885 FPL, $9,600 advance credit, $8,900 allowed ⇒ Income-to-FPL ratio: 419.06% (>400% FPL) • Repayment cap applied: No statutory cap • Excess credit to repay: $700.00 • Advance credit remaining after repayment: $8,900.00.

FAQ

What if my household income is below the poverty level?

When your income falls below 100% of the federal poverty level, the marketplace typically erases repayment obligations, but you may need to claim a coverage exemption. Confirm eligibility with a tax professional if you relied on advance credits in this situation.

How do I handle separate deductibles for state exchanges?

State-based marketplaces follow the same federal repayment caps. Enter the combined state and federal advance credit totals to view the maximum you might need to reimburse.

Can I change my filing status to reduce the cap?

Only married couples filing jointly can access the higher repayment caps. If you file separately, the IRS generally requires repayment of the full excess credit unless you qualify for limited domestic abuse or spousal abandonment exceptions.

Additional Information

  • Repayment caps are indexed annually; this calculator uses 2024 tax year limits published by the IRS.
  • If your actual allowed credit exceeds the advance payments, no repayment is owed and you may receive an additional credit; leaving the allowed credit blank assumes it matches the advance amount.
  • Marketplace issuers report advance payments on Form 1095-A; you reconcile them on Form 8962 when filing your return.

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