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8962 american rescue plan 9000.00 wiped out ?

michele
Level 4

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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qbteachmt
Level 15

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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