The Tax Professionals Blog — medical deduction
When a Repaid Premium Tax Credit Can Be a Medical Deduction
Posted by Lee Reams Sr. on
Where an employer, for any month, offers an employee affordable ACA compliant health insurance, the employee is not qualified for a premium tax credit. However, some taxpayers, not being aware of that restriction, acquired their insurance through the marketplace since it was subsidized by the advance premium tax credit (APTC) and turned out to be less costly than the affordable coverage offered by the employer.