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mgmaltany
Level 1

Anyone have any info on when IRS will publish instructions of the Tax relief for advance premiums as a result of the American Rescue Plan??

 
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SweetieJean
Level 15

Anyone have any info on when IRS will publish instructions of the Tax relief for advance premiums as a result of the American Rescue Plan??

Not yet.  In fact, the IRS website still says this on 3/31/2021:

Check Back for Updates to this Page

We’re reviewing the tax provisions of the American Rescue Plan Act of 2021, signed into law on March 11, 2021. Taxpayers who filed a 2020 tax return and reported an excess advance premium tax credit repayment on Line 29 of Form 8962, Premium Tax Credit, should not file an amended tax return only to get a refund of this amount. The IRS will provide more details soon.

Premium Tax Credit: Claiming the Credit and Reconciling Advance Credit Payments | Internal Revenue S...

 

 

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SweetieJean
Level 15

Anyone have any info on when IRS will publish instructions of the Tax relief for advance premiums as a result of the American Rescue Plan??

Not yet.  In fact, the IRS website still says this on 3/31/2021:

Check Back for Updates to this Page

We’re reviewing the tax provisions of the American Rescue Plan Act of 2021, signed into law on March 11, 2021. Taxpayers who filed a 2020 tax return and reported an excess advance premium tax credit repayment on Line 29 of Form 8962, Premium Tax Credit, should not file an amended tax return only to get a refund of this amount. The IRS will provide more details soon.

Premium Tax Credit: Claiming the Credit and Reconciling Advance Credit Payments | Internal Revenue S...

 

 

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mgmaltany
Level 1

Anyone have any info on when IRS will publish instructions of the Tax relief for advance premiums as a result of the American Rescue Plan??

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