We determine how much financial help you get from the federal government based on the income, family size, and residential ZIP code you entered on your application for health insurance.When you file your taxes, if your income is less than what you told us on your application, you may receive a credit or refund. If your income is more than what you told us on your application, you may have to repay some or all of the advanced premium tax credits that you got.
There are limits to the amount you may need to repay, depending on your income and if you file taxes as “Single” or another filing status. 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 2024 tax year:
| Household Income | Single | All other filers |
|---|---|---|
| Less than 200% FPL | $375 | $750 |
| 200% to less than 300% FPL | $950 | $1,900 |
| 300% to less than 400% FPL | $1,575 | $3,150 |
| Over 400% FPL | No limit | No limit |
Example 1: A single individual with income less than $29,160 would have to repay no more than $375 if they received too much federal premium tax credit.
A single individual with income between $29,160 and $43,740 would have to repay no more than $950 if they received too much federal premium tax credit.
Example 2: A household of two with income less than $39,440 would have to repay no more than $750 if they received too much federal premium tax credit.
A household of two with income between $39,440 and $59,160 would have to repay no more than $1,900 if they received too much federal premium tax credit.
Household Income Ranges by Federal Poverty Level (2024)
| Household Size* | Less than 200% | 200% – 300% | 300% – 400% | More than 400% |
|---|---|---|---|---|
| 1 | $0 - $29,160 | $29,160 - $43,740 | $43,740 - $58,320 | $58,320 or more |
| 2 | $0 - $39,440 | $39,440 - $59,160 | $59,160 - $78,880 | $78,880 or more |
| 3 | $0 - $49,720 | $49,720 - $74,580 | $74,580 - $99,440 | $99,440 or more |
| 4 | $0 - $60,000 | $60,000 - $90,000 | $90,000 - $120,000 | $120,000 or more |
*For other household sizes, see the Program Eligibility by Federal Poverty Level for 2024 chart.
Please contact theInternal Revenue Service or a tax advisor if you have questions about your specific forms or tax return. The information on this page is not intended as tax advice, and your situation may vary.
