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I swear I knew this - SEHI deduction


joanmcq

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Ok, I even taught classes in this, but now I am totally confuddled. I had to amend my own return. Got the advanced premium tax credit. I also have LTD insurance and dental that aren’t part of the marketplace. If I put in the actual premiums I paid, in total, including LTC & dental, I have a $6 additional credit. Do I have to do the iterative calculation, and if so, how?

 

i swear my mind is going blank like my client,s do when I try to explain this stuff to them. 

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Off the top of my head, I think those premiums that aren't part of qualified premiums or eligible for the PTC are separated out before running the calculations. This is not to say that those other premiums aren't eligible for inclusion in the SEHI, but I think there is a separate worksheet that is filled out for those.

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