Feb 25, 2022

IRS updates FAQs for the Premium Tax Credit

Posted Feb 25, 2022 6:42 AM

IRS

WASHINGTON — The Internal Revenue Service today updated its frequently asked questions (FAQs) on the Premium Tax Credit.

FS-2022-13 PDF includes the following FAQ revisions and additions:

  1. Updated The Basics FAQs: Q1, Q3, Q4
  2. Updated Eligibility FAQs: Q5, Q7, Q8, Q9, Q11
  3. Updated Reporting, Claiming and Reconciling FAQs: Q24, Q26, Q27
  4. Updated Suspension of Repayment of Excess Advance Payments of the Premium Tax Credit (Excess APTC) for Tax Year 2020 FAQs: Q33, Q36
  5. New Unemployment Compensation 2020 and 2021 FAQs: Q38 through Q45

These FAQs are being issued to provide general information to taxpayers and tax professionals as expeditiously as possible.