The IRS will do the reconciliation once they have the procedure in place. See the information below and continue to check the link for the most up to date information.
Per the IRS Page - Reconciling Advance Premium Tax Credit:
- 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. For the latest updates, check IRS.gov/coronavirus.
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