topic Premium Tax Credit forgiveness over 400% FPL in Get your taxes done using TurboTax

Premium Tax Credit forgiveness over 400% FPL

okaneplease — Wed, 31 Mar 2021 15:55:15 GMT

I spoke with customer support as an intermediary with Intuit's tax experts on Friday. They insisted that software updates are complete regarding APR (COVID Relief Bill). In the software, I see forgiveness of repayment of advance Premium Tax Credits up to 400% FPL, but not beyond. Health policy analysts believe that Intuit has got this wrong, and that the APR text wipes out clawback for everyone regardless of income (see, for example: https://www.healthaffairs.org/do/10.1377/hblog[phone number removed]37/full/). So what's the story?

Re: Premium Tax Credit forgiveness over 400% FPL

ColeenD3 — Wed, 31 Mar 2021 16:10:58 GMT

You are correct. There's no update yet unfortunately, and there isn't an email signup. TurboTax has to wait for guidance from the IRS.

Re: Premium Tax Credit forgiveness over 400% FPL

okaneplease — Wed, 31 Mar 2021 16:14:12 GMT

@ColeenD3Thanks. Are you therefore acknowledging that the telephone tax experts consulting with the telephone support I received last Friday were wrong in saying that all updates related to the APR bill were complete? Intuit's communication has been atrocious, and I'd think you'd want to be careful about the information (or misinformation) given out.