TurvoTax did update today but I don't think that it addressed all of the provisions of the American Rescue Plan. My daughter works in theater and has been unemployed since last year due to the pandemic. Her tax hit before the update was almost $1900, $1300 of which consisted of repayment of excess tax subsidies she received for her health insurance plan purchased from her state exchange. While the update did deduct the $10,200 from her taxable unemployment benefits, it did not address the health plan tax subsidies. This is from a summary of the bill's provisions: "Recognizing that the pandemic caused greater-than-usual economic disruption and uncertainty in 2020, the ARP waives repayment of any excess premium tax credit received by marketplace participants during that year." TT did not do this and the subsidy overpayment was still included in her return although her tax liability is now under$500. TT needs and additional update to address this.
