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 Advance Premium Tax Credit (APTC) Update

Advance Premium Tax Credit (APTC) Update

👉🔴 The Internal Revenue Service announced that taxpayers with excess APTC for 2020 are not required to file Form 8962, Premium Tax Credit, or report an excess advance Premium Tax Credit repayment on their 2020 Form 1040.

Taxpayers who have already filed their 2020 tax return and who have excess APTC for 2020 do not need to file an amended tax return or contact the IRS. The IRS will reduce the excess APTC repayment amount to zero with no further action needed by the taxpayer. The IRS will reimburse people who have already repaid any excess advance Premium Tax Credit on their 2020 tax return

☎ If you need more information, please contact us at (954) 442-8771http://www.cpcaccounting.com/Pembroke Pines – FloridaOrlando – Florida.#incometax#irs#accounting#pembrokepines#orlando#miami#florida#eaiinternational#besmart#smallbiz#smallbusiness

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