Question: My 20 year old son is a dependent on my covered CA. His income put me over the Max amount of earnings to qualify. My tax credit was approx $1000 a month. Does that mean I have to pay back $12,000.00 dollars?
Answer: When you say "over the max amount of earnings", I assume you mean that your combined household income was over 400% of the Federal Poverty Level (FPL). If that is the case, then you will have to pay back all of the premium assistance (subsidy) you received in the previous year.