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Level 6
April 7, 2021
Question

8962 american rescue plan 9000.00 wiped out ?

  • April 7, 2021
  • 1 reply
  • 7 views

Hi

Are the figures right on Lacerte I did not think everyone was getting their premium tak credit refunded.

I have people that made so much more last year that they were having to pay back 9000.00 in premium tax credit and with the rescue plan it wipes it away. I would think if you made so much you would not be entitled to it. I have several clients that made a lot more.

 

thanks

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1 reply

qbteachmt
Level 15
April 7, 2021

Not having to Repay it is not the same as qualifying for the refundable credit.

Yes, no one has to repay.

Read this topic to the End:

https://proconnect.intuit.com/community/lacerte-tax-discussions/discussion/form-8962/00/151499

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