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Level 1
March 13, 2021
Question

Premium Tax Credit

  • March 13, 2021
  • 1 reply
  • 13 views

How do i reduce the AGI for the premium tax credit - Covid relief for

the unemployment benefits figured in the AGI can be reduced by the

Covid additional $600/week.  My client paying a heavy tax penalty because

income increased considerably with the unemployment benefits.

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1 reply

abctax55
Level 15
March 13, 2021

You should really get up to speed on the new law that just passed - ARPA ... your client will thank you.

Just a few for your reading pleasure:

https://www.bing.com/search?pc=CBHS&ptag=N7153D120418AAA0D337D47&form=CONMHP&conlogo=CT2174808&q=Key+provisions+ARPA

 

 

HumanKind... Be Both