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Level 1
March 21, 2021
Question

When will ProSeries provide an update to the advanced premium tax credit where the taxpayer does not have to pay back the excess when the file their 2020 return?

  • March 21, 2021
  • 3 replies
  • 15 views
Normally taxpayer would have to pay back his APTC, but this year it is waived.  Form 8962 still shows the premium repayment and that he needs to add it to his tax liability.
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3 replies

IRonMaN
Level 15
March 21, 2021

I'm guessing right after the IRS figures it out.  Do you know when the IRS will have it figured out?

Slava Ukraini!
Level 6
March 21, 2021

@IRonMaN can u check to see if i ordered a counter for this one. by the way i cut my finger spinning the liberty sign--wonder if i can get workmen's comp LOL

IRonMaN
Level 15
March 21, 2021

You ordered it but due to backlogs, it won't arrive until 5/17.

Slava Ukraini!