Havinfunone
Level 3
03-20-2021
03:25 PM
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For tax year 2020 alone, the ARPA eliminates the requirement to repay an excess APTC. In other words, if a taxpayer’s APTC exceeds the actual PTC, no additional tax is imposed, regardless of household income.
itonewbie
Level 15
03-20-2021
03:47 PM
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You do so by sitting on your hands. The IRS will need to update it's filing instructions and work with tax software developers to have the changes approved.
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Still an AllStar
Still an AllStar