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M
MLantz
Level 3
March 21, 2021
Question

8962

  • March 21, 2021
  • 3 replies
  • 14 views

Do they plan to revise the 8962 to take into consideration the new legislation that doesn't require payback of excess premium tax credit?  There is plenty of info available for the unemployment non-taxability, but I am unable to find anything on the 8962.

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3 replies

abctax55
abctax55
Level 15
March 21, 2021

THEY (as in the IRS) have to revise the form, then the software providers will do so.  As to 'when', it's up to the IRS.

HumanKind... Be Both
    abctax55
    abctax55
    Level 15
    March 21, 2021
    https://proconnect.intuit.com/community/proseries-tax-discussions/discussion/when-will-proseries-provide-an-update-to-the-advanced-premium/00/146302
    HumanKind... Be Both
      PATAX
      PATAX
      Level 12
      March 21, 2021

      I wonder if they will automatically adjust the returns that were already filed that are affected by this matter.. Like they did with the unemployment ..

       

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