Covered California and Obamacare related questions from consumers, employers and agents are answered by Phil Daigle with the best information available at the time. Archived entries may no longer be accurate as the Covered California and Obamacare knowledge-base is evolving quickly. TO REQUEST A PERSONAL RESPONSE INCLUDE EMAIL ADDRESS.
Question: I had more income than I estimated in 2020, and I owe the IRS $6,000 for excess tax credits. That sucks big time.
Answer: Lucky you! The American Rescue Plan suspends repayment of excess advance premium tax credit (APTC) owed to the IRS for the 2020 tax year.
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