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Partner Support is sharing the latest updated Form 8962 – Premium Tax Credit Frequently Asked Questions (FAQs) IRS Fact Sheet published yesterday, February 24, along with the associated news release. These updated FAQs address many of the questions we are receiving on this topic. We continue to encourage our partners to review this helpful information and to follow the instructions and guidance provided by the IRS that may be applicable to your client(s) as you prepare their returns.
Fact Sheet FS-2022-13 – Updated February 24, 2022 – Form 8962 – Premium Tax Credit – Frequently Asked Questions (FAQs)
IRS News Release IR-2022-44, February 24, 2022 | Español
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:
- Updated The Basics FAQs: Q1, Q3, Q4
- Updated Eligibility FAQs: Q5, Q7, Q8, Q9, Q11
- Updated Reporting, Claiming and Reconciling FAQs: Q24, Q26, Q27
- Updated Suspension of Repayment of Excess Advance Payments of the Premium Tax Credit (Excess APTC) for Tax Year 2020 FAQs: Q33, Q36
- 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.
More Information at IRS.gov on the Premium Tax Credit:
Other 2022 IRS Fact Sheets:
New for 2022, these IRS Fact Sheets are an excellent one-stop document containing the most frequently asked questions (FAQs) organized by topic, plus additional information, and links to related resources. The IRS keeps them updated often so that you have the latest information as you prepare returns for your clients.
Thank you,
Your Partner Support Team |
