Tax year 2026 · Premium tax credit
Had Marketplace coverage in 2026? You may need to repay your entire subsidy.
Beginning with 2026 tax returns, there is no longer a limit on how much excess premium tax credit (the Obamacare subsidy) you repay. Clawback Check estimates what you may owe and shows how to reduce it.
- 1Enter your coverage and income, or upload Form 1095-A. About three minutes.
- 2Review your estimate of any amount you may repay. Free.
- 3Reduce it with a personalized Fix Plan ($19), if you owe.
Estimate your repayment
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Tools for Marketplace enrollees with variable income
Built for freelancers, gig workers, small-business owners, and early retirees.
Free · 2027 open enrollment
Enrolling for 2027? Choose an income estimate you can rely on.
On HealthCare.gov, open enrollment runs through January 15, 2027 (pick a plan by December 15 for coverage that starts January 1). Some states have their own dates. The Marketplace asks you to estimate your 2027 income. If you underestimate, you may have to repay the excess subsidy when you file in 2028, with no cap.
Income Watch · 7 days free, then $5/month
Track your income throughout the year.
Record your income each month. Income Watch shows whether you are on track to repay any subsidy, how much, and what income to report to the Marketplace to avoid it. Your data stays on this device.
Then $5 a month (plus tax where it applies) until you cancel. Cancel anytime from this page and you won't be charged again.
What changed, in plain English
When you sign up for a Marketplace plan, you guess your income for the year. The government sends a monthly subsidy to your insurer based on that guess. At tax time, Form 8962 compares the guess with what you really earned.
If you earned more, you got too much subsidy and pay the extra back. Until now, people under 400% of the poverty line had a cap on that payback. The 2025 tax law (Public Law 119-21) removed the cap starting with 2026 tax returns, the ones filed in 2027, so you now repay all of the extra.
The bigger subsidies of 2021 to 2025 also ended, and as of November 2026 Congress hasn't extended them. If your 2026 income lands above 400% of the poverty line, you qualify for no subsidy at all, and generally everything paid to your insurer comes back to you as a tax bill.
Who is most likely to get hit?
Anyone whose income came in higher than they told the Marketplace: freelancers and gig workers with a good year, people who picked up a job mid-year, and early retirees who sold investments or took retirement withdrawals.
Where do I find these numbers?
Your Marketplace mails or posts Form 1095-A early in 2027 (by February 1; mailed copies can take until mid-February). Column A is your monthly premium, column B is the benchmark plan, and column C is the subsidy paid. With more than one 1095-A, add up columns A and C but use column B from only one form. Until then, your Marketplace account shows your premium, your subsidy, and the income you estimated.
Can I really lower my 2026 income now?
Some of it. Deposits into a traditional IRA or an HSA made by April 15, 2027 can count for 2026, and self-employed people can fund a SEP-IRA up to their filing deadline. Each deductible dollar lowers the income used for this credit. With the self-employed health deduction the drop can be smaller, and an IRA deposit may not be deductible if you had a retirement plan at work. We account for both.
Why do you ask if I'm self-employed?
Self-employed people can deduct premiums they pay themselves for months they couldn't join a subsidized job-based plan (including a spouse's), and that lowers the income used for this credit. It's circular, because the deduction depends on the credit, so we solve for both. Skipping it can overstate what you owe by thousands.
What doesn't this cover?
- Months when you could get affordable job-based coverage may not qualify for the credit at all.
- Mid-year plan changes or more than one 1095-A: results are approximate.
- If both spouses are self-employed, enter the combined profit; the result is approximate.
- State subsidies: enter only the federal subsidy from 1095-A column C.
- Coverage started through the special enrollment period for low expected income may not qualify for the credit in 2026.
- The year you got married can use a special calculation that may lower your payback.
Is this tax advice?
No. It's an estimate built on the published IRS rules and the draft 2026 Form 8962 instructions. Your tax return decides the real number, and a tax professional can confirm it before you make big moves.