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Laurinda received the Advance Premium Tax Credit based on her projected income. When she filed her income tax return, she realized that she had earned
Laurinda received the Advance Premium Tax Credit based on her projected income. When she filed her income tax return, she realized that she had earned substantially more income during the year than she had estimated. Laurinda may:
Be subject to the shared responsibility payment.
Be required to pay back some or all of the credit as an additional tax liability.
Lose eligibility to receive insurance through the Marketplace for
Receive an additional amount by claiming the Premium Tax Credit.
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