@mark8 wrote:
Looks like Turbo tax software is showing that changes on waiving the owed ACA tax credits. If we have already filed do we amend our return or just wait for further instruction still.
For the PTC adjustment the IRS advises not to file an amended tax return.
Go to this IRS website for information - https://www.irs.gov/newsroom/irs-suspends-requirement-to-repay-excess-advance-payments-of-the-2020-p...
Taxpayers who have already filed their 2020 tax return and who have excess APTC for 2020 do not need to file an amended tax return or contact the IRS. The IRS will reduce the excess APTC repayment amount to zero with no further action needed by the taxpayer. The IRS will reimburse people who have already repaid any excess advance Premium Tax Credit on their 2020 tax return.
