So it looks like IRS has issued guidance, as of March 23, on changes to forms to reflect the ARPA related to unemployment. But, it doesn't look like the IRS has issued guidance on ARPA changes related to advance premium tax credit repayments, so I'm assuming that's why I don't see any changes yet in TurboTax related to the health insurance premiums -- is this correct? If so, and if that guidance and resulting changes to TurboTax don't happen soon, is it OK to attempt to manually adjust my return to reflect the change? (Not preferable, I know, as so many other figures are affected by this one number).
You'll need to sign in or create an account to connect with an expert.
best to wait (and can't imagine it can be that much longer)
'
if you manually adjust and do it wrong, the TT guarantee won't cover you
I had the same issue and decided to wait for a TurboTax update. Logged in to the return today and a notice popped up that the ARPA benefits have been added to the federal return, just not any states yet. But TurboTax is still calculating an excess advance premium tax credit. What am I missing? Has TurboTax not actually updated for the advance PTC provisions yet?
on the advance premium tax credit, I don't even see on the IRS website where they have issued guidance yet....
the unemployment has been issued and TT has implemented that
Yes, I noticed that recently too. I think maybe TurboTax has updated the changes related to Unemployment, but not the PTC changes. Which I'm guessing is due to IRS not yet issuing guidance on the PTC changes... https://www.irs.gov/forms-pubs/changes-to-cur[product key removed]cations
Hoping someone from TurboTax will jump in and clarify!
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
ankit312
Level 2
buckeye.wun
New Member
Honu-s-forever
Level 1
GlacierAddict
New Member
aodum
New Member