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Another Premium Tax Credit Question - Taxpayer over 400%


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I have a retired client who decided it would be a good idea to withdraw $70k from his 401k to purchase a new pickup truck.  He received advance premium tax credit payments amounting to almost $10k.  The additional retirement income throws him over the 400% threshold.  Is it really true that he won't need to repay the $10k thanks to the cares act?  Seems too good to be true.

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