Does anyone know how long it will take TurboTax to implement the new tax provision in the latest stimulus bill that was just passed? Specifically, the fact that 2020 premium tax credit excess will not have to be repaid? I've pasted the language from the bill below.
Premium tax credit
The act expands the Sec. 36B premium tax credit for 2021 and 2022 by changing the applicable percentage amounts in Sec. 36B(b)(3)(A). Taxpayers who received too much in advance premium tax credits in 2020 will not have to repay the excess amount. A special rule is added that treats a taxpayer who has received, or has been approved to receive, unemployment compensation for any week beginning during 2021 as an applicable taxpayer.
