2020 unemployment insurance tax refund
The IRS will process the 2020 tax return without Form 8962. Hi IKRAM 1998 The American Rescue Plan Act of 2021 enacted on March 11 2021 suspended the requirement to repay excess advance payments of the premium tax credit excess APTC for tax year 2020.
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If you reported an excess APTC repayment amount on your 2020 tax return but didnt file Form 8962 the IRS will reduce the excess APTC repayment amount to zero and process the return even if you didnt get a letter about a missing Form 8962.
. During the 2nd 3rd and 4th quarters of 2020 all eligible nonprofit reimbursing employers will only be billed for 50 of the unemployment benefits. Reimbursing Employers - The Office of Unemployment Insurance has elected to participate in the 50 liability relief from the Protecting Nonprofits from Catastrophic Cash Flow Strain Act of 2020. There is no need to contact the IRS.
If you already filed a 2020 return and reported excess APTC or made an excess APTC repayment you dont need to file an amended return or take any other.
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