Ask Terry Questions APTC forgiveness

APTC forgiveness

By Terry Savage on March 31, 2021 | Wild Card

Terry,
Hearing anything from your IRS friends about how and when they will handle forgiveness of excess APTC? Seems they could just change line 28 of the 8962 to $0 and be done.

Terry Says

The IRS is still working on a procedure re the Obamacare subsidies. As you know, they liberalized the rules and eligibility so people who received unemployment benefits that exceeded their estimated income will not be penalized. But I have not seen anything about how that will be enacted.

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