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Level 3
March 22, 2021
Question

Repail of 2020 requirement for premium tax credit to be reportd as income (ARPA sec 9662)

  • March 22, 2021
  • 1 reply
  • 6 views

So according to Spidell today, the Premium Tax Crsit repayment requirement is repealed fir taxpayers whose 2020 subsideis were higher than the amount that they were actually entitled to (ARPA sec 9662). I checked the box to have ARFA applied but this provision was not incorporated in my client's return. When will you evise the 2020 Individual program so it is?

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1 reply

Level 6
March 22, 2021

Our developers are working on including the APTC revision to Lacerte. We do not a firm date as to when we will release, yet we will get it too you as soon as possible.