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Level 1
March 22, 2021
Question

Excess Premium Tax Credit Adback

  • March 22, 2021
  • 2 replies
  • 17 views

When will ProSeries update the excess premium tax credit repayment on Form 8962?  According to the American Rescue Plan Act that was passed on March 11, the repayment of any excess premium tax credit has been waived.

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2 replies

Level 4
March 22, 2021

Hoping the Proseries "assistant" will provide some guidance here.  If anyone else has been able to "chat" with tech support, maybe some insight is available.  Thx

The_AntiTax_Man
Level 7
March 22, 2021

It's a sure bet that the IRS and Intuit are working on this. Patience.  

Waiting without complaint helps us not hate the waiting, and it helps us do our job well when it's our turn.

 

 

"I'm only a Level 5, but I did stay at a Holiday Inn Express last night!"