IRS Suspends Requirement to Repay Excess Advance Payments of the 2020 Premium Tax Credit If you have excess advance Premium Tax Credit for 2020, you are not required to report it on your 2020 tax return or file Form 8962, Premium Tax Credit. If you claim a net Premium Tax Credit for 2020, you must file Form 8962. If you already filed and have excess advance Premium Tax Credit, you don’t need to file an amended return or take any other action. For details: Fact Sheet | News Release ITA Home This interview will help you determine if you're eligible for the Premium Tax Credit. Information You'll Need Number of dependents being claimed on your return. Whether you can be claimed as a dependent by another person. Whether any of your dependents is required to file a tax return (those filing only for a refund of withholding or estimated tax are not included). Your adjusted gross income (or the type and amount of income received during the year) for the tax year. The adjusted gross income (or the type and amount of income received during the year) of your dependents that are required to file a tax return. Whether any member of your household was eligible or was covered by insurance that's considered "minimum essential coverage." General information about health insurance coverage can be found at Healthcare.gov. The tool is designed for taxpayers who were U.S. citizens or resident aliens for the entire tax year for which they're inquiring. If married, the spouse must also have been a U.S. citizen or resident alien for the entire tax year. For information about nonresidents or dual-status aliens, please see International Taxpayers. Disclaimer Conclusions are based on information provided by you in response to the questions you answered. Answers do not constitute written advice in response to a specific written request of the taxpayer within the meaning of section 6404(f) of the Internal Revenue Code. Estimated Completion Time: 15 minutes Please Note: After 15 minutes of inactivity, you'll be forced to start over. Caution: Using the "Back" button within the ITA tool could cause an application error. Begin
