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- 8962 american rescue plan 9000.00 wiped out ?
8962 american rescue plan 9000.00 wiped out ?
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michele
Level 7
04-07-2021
01:39 PM
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Hi
Are the figures right on Lacerte I did not think everyone was getting their premium tak credit refunded.
I have people that made so much more last year that they were having to pay back 9000.00 in premium tax credit and with the rescue plan it wipes it away. I would think if you made so much you would not be entitled to it. I have several clients that made a lot more.
thanks
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qbteachmt
Level 15
04-07-2021
04:27 PM
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Not having to Repay it is not the same as qualifying for the refundable credit.
Yes, no one has to repay.
Read this topic to the End:
https://proconnect.intuit.com/community/lacerte-tax-discussions/discussion/form-8962/00/151499
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