IRS suspends requirement to repay excess advance payments of the 2020 Premium Tax Credit

IR-2021-84, April 9, 2021WASHINGTON — The American Rescue Plan Act of 2021 suspends the requirement that taxpayers increase their tax liability by all or a portion of their excess advance payments of the Premium Tax Credit (excess APTC) for tax year 2020. A taxpayer's excess APTC is the amount by which the taxpayer's advance payments of the [...]

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