SecondCor521
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Amongst everything else, that $122.13 of interest will be reportable and taxable interest income on your 2022 tax return. The IRS should send you an interest statement in about 10 months.
And I agree it's probably related to your 2020 tax return. Two possible reasons:
1. If either of you were on unemployment, a tax law made the first $10,200 of unemployment income in 2020 non-taxable at the federal level. This is the less likely option.
2. If you were on ACA and had an excess premium tax credit repayment (look at the last few lines of your 2020 Form 8962), that was changed to not require repayment. If you filed before the change, then the IRS would refund it to you. This is the most likely option.
In theory, both of the above could apply to you.
See https://www.irs.gov/newsroom/irs-of...s-help-many-people-now-preparing-2020-returns for details (scroll down a bit to the 2020 retroactive changes).
And I agree it's probably related to your 2020 tax return. Two possible reasons:
1. If either of you were on unemployment, a tax law made the first $10,200 of unemployment income in 2020 non-taxable at the federal level. This is the less likely option.
2. If you were on ACA and had an excess premium tax credit repayment (look at the last few lines of your 2020 Form 8962), that was changed to not require repayment. If you filed before the change, then the IRS would refund it to you. This is the most likely option.
In theory, both of the above could apply to you.
See https://www.irs.gov/newsroom/irs-of...s-help-many-people-now-preparing-2020-returns for details (scroll down a bit to the 2020 retroactive changes).
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