premium tax credit

Forum|Forum|4 years ago
March 31, 2022
6 replies
27 views

I have a client who received unemployment benefits in January 2021 for unemployment weeks in December 2020 (two weeks in arrears) and reported on the 2021 Form 1099-G. She did not claim UC benefits in 2021. Based on reading the instructions, it would appear that the benefits would have had to have been paid/received for eligible weeks in 2021 in order to qualify for the 133% household income on the Premium Tax Credit line 5 of Form 8962. If the UC benefits were received in 2021 but for 2020 UC weeks, should the 133% household income and resulting credit still apply? Thanks for any thoughts!

ProSeries Professional

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Just-Lisa-Now-

Intuit Community Champion

Do they have the 1099g for unemployment benefits paid to them in 2021?

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

D

dsepleeAuthor

Level 2

Yes, they do have a 1099-G but the benefits weeks were in 2020. It seems that technically the benefit weeks need to be in 2021.

rbynaker

Level 13

My reading of the statute agrees with yours. See ARPA Sec. 9663.

"who has received, or has been approved to receive,
unemployment compensation for any week beginning during
2021"

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dsepleeAuthor

Level 2

It sure seems like that it the correct interpretation, however, Proseries doesn't let me override the unemployment benefits in 2021 checkbox or the 133% household income. Thanks for the input!

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