New Information from the IRS on Tax Relief for People who Received help paying for premium costs through the Health Connector in 2020
Were you were enrolled in coverage through the Health Connector in 2020 and received advance payments of the premium tax credit to help lower the cost of your health insurance premium? If so, the American Rescue Plan—signed into law on March 11, 2021—provides tax relief for people who received more premium tax credits in 2020 than they qualified for and would normally have to pay back when filing their 2020 tax return. For 2020 only, these excess tax credits do not need to be repaid. This relief may affect how you complete your 2020 tax return, which is due May 17, 2021. On April 9, 2021, the IRS released new information explaining how consumers can receive this tax relief, including if they have already filed their tax return or still need to file. If you have any questions about this tax relief, You can find this new information on the IRS website now. If you have questions about your Health Connector coverage, call customer service at 1-877-623-6765 (TTY 711 for people who are deaf, hard of hearing, or speech disabled). Or contact a Navigator near you.