H.R. 5863 was signed into law on 12/12/24 (Public Law No. 118-148). I received PG&E settlement funds from the CA Wildfires settlement in both 2022 and 2023. Those funds were included in my federal taxable income. I need to file amended returns for 2022 and 2023 to exclude those funds from my taxable income and get refunds. Is Turbo Tax updated to reflect H.R. 5863? If not, will it be or do I need to do my amendments manually?
