@lou_renshaw wrote:
I am having the same problem with my desktop download of Turbotax Premier. It updates every time I open it, but has yet to change that I owe the money back. The new law for 2020 says that nobody has to pay back the subsidy. So that needs to be reflected in the programs. I have reached out to Turbotax over facebook messenger, and they also say it's been updated and sent me to a link that didn't help. It has not updated, whether Turbotax wants to insist it has or not. Instead of placating and ignoring the problem, perhaps Turbotax employees that answered this question should reach out to their tech support and let them know it's not updating for the downloads. I can't finish other tax returns I am doing (which are still due April 15) until Turbotax updates this or I download all the forms and do it myself. Turbotax is being told by customers that it is not updating, and yet we are just being ignored. Please reach out to the appropriate people on our behalf. This is beyond frustrating that we can't get either a straight answer or help
TurboTax cannot adjust the Premium Tax Credit until they receive guidance from the IRS. As of this date the IRS has not provided any guidance.
IRS website for a 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.
