• Home
• About
• Contact
• Schedule Appointment
• Frequently Asked Questions
• Tax News
• Tax Refund Information (Federal and State)
• What is an Enrolled Agent?
• Tax Information for Florida Residents and Businesses
• Driving Directions to Office
• Privacy
• Disclaimer
• Site
• Services
• Tax Preparation
• Bookkeeping
• Payroll Processing
• Business Formation
• Clients
• Tax Worksheets
• Login to Secure Client Portal
• Request Duplicate Copy of Tax Return(s)
• Report Change of Address
• Payroll Center for Employers

2020 Premium Tax Credit

(Marketplace Health Coverage)

On March 11, 2021, President Biden signed into law the American Rescue Plan Act which suspends the repayment of any excess Health Insurance Marketplace premium tax credit subsidies for tax year 2020. This new law ONLY applies to tax year 2020.

If taxpayers filed their 2020 federal income tax return before the new tax law was enacted, the IRS is automatically adjusting returns for the repayments of the premium tax credit and issuing refunds. The IRS does not want anyone to file an amended return to claim a refund for this credit.