IRS suspends requirement to repay excess advance payments of the 2020 Premium Tax Credit

IRS suspends requirement to repay excess advance payments of the 2020 Premium Tax Credit; those claiming net Premium Tax Credit must file Form 8962  https://www.irs.gov/newsroom/irs-susp...  https://accountinginstruction.info/ WASHINGTON — The American Rescue Plan Act of 2021 suspends the requirement that taxpayers increase their tax liability by all or a portion of their excess advance payments of the Premium Tax Credit (excess APTC) for tax year 2020.

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IRS suspends requirement to repay excess advance payments of the 2020 Premium Tax Credit

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