Unfortunately, Taxpayers who received a California subsidy for health coverage in 2021 may have to pay back some or all of the amount received from California. On March 11, 2021, the American Rescue Plan Act (ARPA) increased the amount of federal subsidy available to taxpayers. This additional federal subsidy, or premium tax credit, was retroactive to January 1, 2021. Due to the late passage of the ARPA, California subsidies were issued from January through April 2021, which resulted in an overallotment of financial help. Taxpayers must reconcile their California subsidies on Form 3849, Premium Assistance Subsidy, when filing their 2021 tax returns.
For the amounts, see Financial Help Repayment Limits.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
