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Deductions & credits
Yes, it will be updated, But the law providing the additional $600 Recovery Rebate Credit was just signed a week ago. The IRS has not yet issued any revised forms or instructions. It will take some time for TurboTax to include it after the IRS issues the revised forms and instructions. You can't file your tax return until late January at the earliest anyway.
January 4, 2021
5:44 AM