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04-08-2021
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The guidance on the Form 8962 procedures will be coming to IRS.gov soon. Please monitor the site for the latest information.
Section 9662 of the American Rescue Plan Act suspends the excess APTC repayment requirement for TY 2020.
TAXPAYER WHO HAS NOT FILED A 2020 TAX RETURN AND OWES EXCESS APTC.
- Do not attach Form 8962, Premium Tax Credit.
- Do not include an amount on Form 1040 or Form 1040-SR. Schedule 2, Line 2.
- The IRS will not correspond for a missing Form 8962 or ask for more information if you owe excess APTC for TY2020.
TAXPAYER WHO HAS NOT FILED A 2020 TAX RETURN AND IS CLAIMING NET PTC.
- Attach Form 8962, Premium Tax Credit.
- Include the net premium tax credit on Form 1040 or 1040-SR, Schedule 3, Line 8.
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