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Advanced Premium Tax Credit

Filing tax return 2018.  Need to repay $600 on Form 8962 for overpayment of Advance Premium Credit (APC). Have an Earned Income credit which nets to a refund of return in total (>$600).  Will mail tax return.  Will there be an issue will repayment of APC (because it is overdue)?

 

Thanks for the help.

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3 Replies

Advanced Premium Tax Credit

Since you are getting a refund there should be no problem. 

Advanced Premium Tax Credit

Thanks. Have you come upon this issue before with the Advanced Premium Tax Credit?

BillM223
Expert Alumni

Advanced Premium Tax Credit

As Bsch4477 said, if you are getting a refund, there won't be a problem.

 

Look at it this way - the overpayment of Advance Premium Credit has already been repaid (by your Earned Income Credit). This is a matter of money moving from one bucket to another in Washington.

 

What you are doing now is the paperwork to formalize this result.

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