Better Choice Financial Services

IRS suspends requirement to repay excess advance payments of the 2020 Premium Tax Credit Taxpayers with excess advance payments of the Premium Tax Credit (excess APTC) for 2020 are not required to file Form 8962, Premium Tax Credit, or report an excess APTC repayment on their 2020 Form 1040 or Form 1040-SR, Schedule 2, Line 2, when they file. The American Rescue Plan Act of 2021 suspends the requirement that taxpayers increase their tax liability by all or a portion of their... excess advance payments of the Premium Tax Credit (PTC) for tax year 2020. The process remains unchanged for taxpayers claiming a net PTC for 2020. They must file Form 8962 when they file their 2020 tax return. Taxpayers who have already filed their 2020 tax return and who have excess APTC for 2020 don’t need to file an amended tax return or contact the IRS. The IRS will reduce the excess APTC repayment amount to zero with no further action needed by the taxpayer. See more

Please do not file amended for unemployment tax forgiveness...it will be automatically calculated and sent to you. https://www.latimes.com//unemployment-stimulus-tax-break-d

https://finance.yahoo.com//monthly-stimulus-checks-familie

https://www.irs.gov//irs-to-recalculate-taxes-on-unemploym

Under the new law, families will receive a $3,000 annual benefit per child ages 6 to 17 and $3,600 per child under the age of 6 for the 2021 tax year. The payments to families were slated to begin in July and intended to be sent monthly, instead of as a lump sum, as House Democrats proposed.

Under the law, families will receive a $3,000 annual benefit per child ages 6 to 17 and $3,600 per child under the age of 6 for the 2021 tax year. The payments to families were slated to begin in July and intended to be sent monthly, instead of as a lump sum, as House Democrats proposed. https://dfw.cbslocal.com/tag/stimulus-checks/