Question: I overestimated my income for 2014. I do not pay any taxes, so I cannot get a tax credit. A Covered CA rep said I would get a refund check in the mail for the amount I over-paid on my insurance premiums. Is this correct?
Answer: No. If you do not file a tax return for the 2014 tax year, you are not eligible for a tax credit. If you should decide to file taxes, the tax credits based on your income will be reconciled on your tax return. You will pay less tax, but there will not be a refund check.