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Returns processed with excess advanced premium tax credit
We filed our return and it's been processed. I've confirmed that we reported excess advanced premium tax credit on Form 8962 line 29. This link states that I didn't need to include the form but TT was not up to date: https://www.irs.gov/affordable-care-act/individuals-and-families/the-premium-tax-credit-the-basics
It also states: "If you already filed and have excess advance Premium Tax Credit, you don’t need to file an amended return or take any other action."
The news release attached states: "Again, IRS is taking steps to reimburse people who filed Form 8962, reported, and paid an excess advance Premium Tax Credit repayment amount with their 2020 tax return before the recent legislative changes were made. Taxpayers in this situation should not file an amended return solely to get a refund of this amount. The IRS will provide more details on IRS.gov. There is no need to file an amended tax return or contact the IRS."
I guess we just wait for the IRS to catch up and notice it was reported and refund us!
Has anyone in the same situation been refunded yet?