Deductions & credits

Yes, TurboTax is working with the IRS regarding software updates for the new changes.  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 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.

 

TurboTax is developing the software required to process all of the new conditions.

Here is a TurboTax article about the American Rescue Plan.

 

@Kori1