How will the Advance Premium Tax Credit (APTC) affect my federal tax return?


Whether you choose the “get it now” option or the “get it later” option at the Connect for Health Colorado marketplace, you must file a federal income tax return.

If you choose to get it now: When you file your 2014 tax return in 2015, you will subtract the total advance credit payments received during the year from the amount of the Premium Tax Credit computed on your tax return. If the Premium Tax Credit computed on the return is more than the advance credit payments, the difference will increase your refund or lower your balance due. If the advance credit payments are more than the Premium Tax Credit, the difference will result in either a smaller refund or a balance due.

If you choose to get it later: You will claim the full amount of Premium Tax Credit when you file your tax return; this will either increase your refund or lower your balance due.