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When will turbo tax update their soft ware to reflect American Rescue Plan effects on 2020 taxes and repayment of subsidies for people who went over the income limit?
I am waiting to file. I went over the federal income threshold and would take a big hit if I had to pay back my subsidy. I believe the rescue plan includes a one-time provision for the 2020 tax year so I won't have to pay it back
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March 12, 2021
3:05 PM