Client has been enrolled in Obamacare for years. For year 2019, he foresees that his self-employed income will increase and it will cause his household income to just reach the maximum income limit. Therefore, he will not be allowed any Advanced Premium Tax Credit. (Based on my understand, the Advanced Premium Tax Credit is calculated based on taxpayer's income only irregardless of the above-the-line deductions that they will have when they file their tax return. Please correct me if I am wrong though)
However, he does plan to make full contribution to both his and his wife's IRA account in 2019. That, together with the deduction from self-employed health insurance premium deduction will greatly lower their AGI in their 2019 tax return. Because of that, a big chunk of the health insurance premium will probably be refunded to them when they file their 2019 tax return.
Under this situation, is there a way to include the deduction of the IRA contributions and the self-employed health insurance premium deduction into the calculation of the Advanced Premium Tax Credit so that they can get some of that in advance instead of having to wait to get the refund when they file the tax return?