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mmboudreau
New Member

How do i know if i reconciled my advanced premium tax credit last year?

Is it not done automatically when doing taxes? Or is it necessary to fill out form 8962 to do so?
2 Replies
GeorgeDenseff
Level 6

How do i know if i reconciled my advanced premium tax credit last year?

There is no payback for 2020 taxes.  TurboTax normally creates the form when you enter your 1095-A.  Because of 2020 law change, 8962 is not needed this year.

 

Critter-3
Level 15

How do i know if i reconciled my advanced premium tax credit last year?

The 8962 will be populated when you enter the 1095-A information and it will be included in the return however any repayment will not be applied. 

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