- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
Correct, the IRS is urging taxpayers to wait until more information is released about issues affecting refunds and stimulus payments with regards to the American Rescue Plan.
Here is a TurboTax article about the American Rescue Plan
The IRS is reviewing implementation plans for the newly enacted American Rescue Plan Act of 2021. Additional information about a new round of economic impact payments, including the unemployment benefit will be forthcoming.
The IRS strongly urges taxpayers not to file amended returns related to the new legislative provisions or take other unnecessary steps at this time. The IRS will provide taxpayers with additional guidance on those provisions that could affect their 2020 tax return, including the excess premium tax credit.
TurboTax is developing the software required to process all of the new conditions.
@bw269