I'm dealing with this exact same situation right now! Code 420 showed up on my transcript about 10 days ago and I've been checking my mailbox obsessively every day. Reading through everyone's experiences here is actually making me feel a lot better - sounds like the 2-6 week delay between the transcript code and receiving the actual letter is pretty normal. As a fellow student, I totally get the stress about the timing with your dorm move. I'm planning to graduate in December and was worried about address changes too. Based on what others have shared, it sounds like calling the IRS to verify your address is the smart move, especially since you know you'll be moving soon. Has anyone here had experience with what happens if you move during an active audit? I'm wondering if updating your address with Form 8822 before the letter even arrives could cause any confusion in their system, or if it's better to wait until after you receive the initial notice.

I've been through this exact scenario as a college student! The anxiety of seeing that 420 code without getting the letter is real. Here's what worked for me: First, don't panic about missing response deadlines - your 60-day clock doesn't start until you physically receive the CP75 letter, not when the code appears on your transcript. The IRS systems are notorious for updating weeks before actual mail delivery. Given your May 15th move date, I'd take these immediate steps: • Call 1-800-829-1040 early morning (7-8 AM has shortest wait times) • Verify they have your correct current address • Ask if any correspondence has been generated yet • File Form 8822 online TODAY to update to your new dorm address As a student, this is likely just verification of education credits or student loan interest - super common and usually straightforward. I had to provide my 1098-T form and some receipts, but it was resolved in about 6 weeks total. Pro tip: Set up USPS mail forwarding from your current address to your new dorm as a backup. This way if the letter gets sent to your old address after you move, it'll still reach you. The peace of mind is worth the small fee!

Adding to all the great advice here! I just want to emphasize something that really helped me when I was in this exact situation last year: **don't let the stress overwhelm you**. The key insight that saved me a lot of anxiety was realizing that the IRS actually expects people to make mistakes and has built-in processes to handle them. Form 1040-X exists specifically for situations like yours! Here's what I wish someone had told me upfront: 1. Your original refund is completely separate from any amendment - it won't be delayed 2. The majority of people who forget their 1095-A end up getting additional money back (based on what I'm seeing in this thread too!) 3. E-filing amendments is SO much faster now - I got mine processed in about 8 weeks The fact that you caught this relatively quickly actually puts you in a great position. Some people don't realize until they get an IRS notice months later! Once you check those boxes 21-23 on your 1095-A, you'll know exactly where you stand. And honestly, even if you do need to amend, it sounds like your home repair timeline will work out perfectly - original refund on schedule, potential bonus money later. You're being responsible by addressing this proactively. That's exactly the right approach! 🙌

I've been through this exact situation and I totally understand the panic! 😰 The good news is that this is much more common than you think, and there's a straightforward process to handle it. **First things first:** Check your 1095-A form, specifically boxes 21-23. If these boxes are blank or show $0.00, you likely don't need to amend at all since the form wouldn't affect your tax calculation. If those boxes DO have amounts (meaning you received advance premium tax credits), then you'll need to file Form 1040-X along with Form 8962. But here's the encouraging part - based on my experience and what I'm seeing from others here, you might actually end up with additional refund money! This happens when your actual income differs from what you estimated when you enrolled. **Great news about your timeline:** Your original refund will process completely normally and won't be delayed by this issue. I received mine right on schedule while my amendment was being processed separately. So your spring home repair plans should stay on track! 🏠 **Pro tip:** If you do need to amend, definitely e-file it rather than mailing paper forms. I got my amendment processed in about 9 weeks, which is much faster than the old paper filing times. Don't be too hard on yourself - you caught this early and you're being proactive about fixing it. That's exactly the right approach! You've got this! 💪

Sorry if this is a dumb question, but will my Medicare tax rate increase as I earn more? My friend mentioned something about an "additional Medicare tax" for higher income people?

Just wanted to share my experience as someone who was in your exact same situation a few years ago! When I first saw Medicare tax being deducted from my paycheck while also paying for my employer's health insurance, I thought there was some kind of mistake. What really helped me understand it was thinking of Medicare tax like car insurance vs. life insurance - they're both insurance, but they cover completely different things at different times. Your BCBS covers you right now for doctor visits, prescriptions, etc. Medicare tax is like putting money into a piggy bank that you can't touch until you're 65 (or qualify due to disability). The key thing that clicked for me was realizing that Medicare isn't just health insurance - it's a government program that provides healthcare for elderly and disabled Americans. So when you pay that 1.45%, you're contributing to a system that takes care of millions of people who can no longer work or afford private insurance. It's definitely frustrating to see money leave your paycheck for something you can't use right now, but think of it as investing in your future self. When you're 65, you'll be really glad this system exists!

Something to consider: the EITC has different income thresholds based on filing status and number of qualifying children. For 2025, with one qualifying child, EITC begins to phase out around $46,500 for single/head of household. If your sister's income is right at one of these thresholds, small changes in AGI can have a big impact on the credit amount. This might explain why you're seeing significant changes in the EITC calculation when making adjustments. Most tax software will let you try different scenarios to see what gives the best outcome. Just make sure whatever you submit is truthful - the difference between optimizing your return and misrepresenting information is a critical line you don't want to cross.

As someone who's dealt with EITC calculations for family members, I can confirm what others have said - you're absolutely allowed to choose not to claim deductions you're eligible for. The IRS doesn't require you to take every possible deduction. However, I'd strongly recommend double-checking which specific deductions are actually affecting your sister's EITC. True itemized deductions (medical expenses over 7.5% of AGI, charitable donations, etc.) shouldn't impact EITC at all since they don't change her Adjusted Gross Income. If you're seeing the EITC decrease when adding these deductions in TurboTax, there might be something else going on - perhaps some expenses are being categorized differently than you think, or there could be an interaction with other credits or calculations. Before making any decisions about skipping deductions, I'd suggest running through the calculations manually or getting a second opinion to make sure you understand exactly what's causing the EITC to change. You want to make sure you're making an informed choice rather than missing out on legitimate tax benefits due to a software quirk or misunderstanding.

Has anyone else noticed that the 1095-A forms are weirdly confusing for marketplace plans? Like why don't they just issue the form to the person who's actually covered by the insurance? I had a similar issue last year and ended up just having the policy holder (my partner) claim everything and then we split the refund/payment based on our agreement. Not technically correct probably but way simpler than doing the allocation.

I just went through this exact situation last month! My mom received the 1095-A but I was the only one covered on the policy, and we file separately. Option A is definitely the way to go. Both you and your dad need to file Form 8962, but with the allocation percentages showing 0% for him and 100% for you. This is actually pretty straightforward once you understand what's happening - you're just telling the IRS who gets to claim which portion of the policy. A few things that helped me: - Make sure you both use the exact same allocation percentages (0%/100%) - You'll need each other's SSNs for Part IV of Form 8962 - Your dad's form will basically show zeros for everything after allocation, but he still needs to file it - Only your income matters for the premium tax credit calculation since you're getting 100% allocation The income difference between you and your dad won't mess anything up because once the allocation is done, his income is completely out of the equation. Your premium tax credit will be calculated based solely on your income and household size. Don't let the allocation part intimidate you - it's really just paperwork to clarify who gets what. The actual tax credit calculation happens separately for each person based on their allocated percentage.