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Deductions & credits
The American Rescue Act has suspended the premium tax payment pay back for 2020 for everyone. You do not need to have been on unemployment. TurboTax is still waiting for guidance from the IRS so that the programs can be updated to eliminate that pay back.
We do not have a date yet when TurboTax will be updated. You will not have to pay back the premium tax credit. Do not file your return until these changes have been made in TurboTax.
March 31, 2021
11:27 AM