market place

[SHUBEE89]

in 2020 if a client had a penalty on their market place policy the irs abated the penalty i have a client that owes 2,500 from the market place premium is there
anything that i can do to get this abated on 2021 tax return?

[TaxGuyBill]

in 2020 if a client had a penalty on their market place policy the irs abated the penalty i have a client that owes 2,500 from the market place premium is there
anything that i can do to get this abated on 2021 tax return?

There are no "penalties" from the IRS for Marketplace insurance,

Are you referring to the one year exception for the "repayment" of any Advance credit that the taxpayer did not qualify for? If so, that only applied to 2020; it does not apply to 2021.

[SHUBEE89]

when i input the 8962 from market place there is an advance premium tax amount owing is there anyway to reduce this premium tax repayment

[Lion]

Get client's AGI below 400% of poverty level. IRA? HSA? MFS?