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Refunding Excess Advance Premium Tax Credit on a Filed Tax Return
In April I submitted my 2020 tax return which included refunding the excess advance premium tax credit. It was submitted before the Turbo Tax software was undated to exclude this. I have read in these forums that the IRS will adjust my return themselves and that I don't need to file an amended return. How long do I wait before I file an amended return? The IRS's "Where's my Refund" site states that its still being processed since April. My correction is more complicated than most since the advance premium tax credit was repaid (via tax return) and was used to write off income on Schedule C as Health Expense. How long before I can conclude that the IRS will not be making my revisions and that I need to file an Amended Return?
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‎August 12, 2021
8:10 AM