Premium Tax Credit

Forum|Forum|4 years ago
February 15, 2022
3 replies
12 views

Is the IRS still charging the excess advance premium tax credit for 2021?

ProSeries Basic

This topic has been closed for replies.

G

garman22

Intuit Community Champion

they didnt cover that in your CPE class?

IRonMaN

Level 15

I think they were silent on the subject in my class. However, I thought I saw elsewhere that it had died a natural death in 2020. Are we going to be quizzing everyone this year about whether something was covered in their class? If so I sure hope I don't have to ask an actual tax question here because I tend to have a little attention deficit issues and also suffer from a lack of sleep at times so I could have missed something. Ok, you convinced me. I'm going to be too afraid to ask a question here for the rest of the year. I'll just wing it rather than be embarrassed here.

Slava Ukraini!

G

garman22

Intuit Community Champion

Thats a fantastic idea!! 😂🤣

abctax55

Level 15

@Alfredo1967 wrote:

Is the IRS still charging the excess advance premium tax credit for 2021?

Charging? Meaning repaying the subsidy under the appropriate circumstances?

HumanKind... Be Both

IRonMaN

Level 15

I assumed that's what he meant and I meant the not paying it back thingy died in 2020.

Slava Ukraini!

PATAX

Level 12

Cousin Alfredo, yes there is excess Advance premium tax credit repayment this year, and Pro Series does a good job on this. Hopefully federal government will not make any tax changes in the middle of March and make it retroactive like they did last year. Just my opinion.

Sign up

Login with SSO

Let's get you signed in

Login with SSO