@geegecko wrote:
There was an update this morning to my install of TurboTax Deluxe desktop (version 2020.48.23.78) dated 4/1/2021. This update still does not address the PTC issue for the Affordable Health Care Plan.
These delays are causing me significant issues.
The PTC adjustment cannot be made until the IRS issues guidance and they have not done that yet.
IRS statement - https://www.irs.gov/affordable-care-act/individuals-and-families/the-premium-tax-credit-the-basics
We’re reviewing the tax provisions of the American Rescue Plan Act of 2021, signed into law on March 11, 2021. Taxpayers who filed a 2020 tax return and reported an excess advance premium tax credit repayment on Line 29 of Form 8962, Premium Tax Credit, should not file an amended tax return only to get a refund of this amount. The IRS will provide more details soon.
