Question
California Premium Assitance Subsidy (PAS) & elimination of the APTC
Good Evening I have been trying to find an answer to the following situation I have run into.. I have a client that made more money than expected and had to repay the excess APTC in the amount of $23,655.00 due to this the State of California was issuing him a PAS of $18,297.00 so at the end of the day he was going almost break even....
When the American Rescue Plan eliminated the repayment of APTC I thought the California PAS would be reduced but now ProSeries is calculating no APTC repayment but still the California is calculating a PAS of $18,297.00. It just doesn't seem coherent for him to get so much money back from the State if he no longer has to pay the Federal...
Any insight would be greatly appreciated...
