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TurboTax update increased Federal Refund after I filed due to 1095-A and Form 8962

I e-filed my 2020 return on 3/30/2021 and a TurboTax update has now increased my Federal Refund amount by $835, which is the amount originally reported on 1040 line 17. The update leaves that line blank, for some reason.

 

This amount comes from Part 1 of Schedule 2, which is Additional Taxes. Originally, my eFile had $835 on Line 2 and 3 of Schedule 2, which is "Excess advance premium tax credit repayment. Attach Form 8962."

 

The update makes Part 1 blank entirely.

 

Form 8962 shows the $835 as an amount reported in 1095-A for Health Insurance Marketplace Statement.

 

Is this an error or did tax policy change related to 1095-A? Am I entitled to an additional $835 in a Federal Refund? How would I get that adjustment? 

 

 

 

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1 Best answer

Accepted Solutions
KrisD15
Expert Alumni

TurboTax update increased Federal Refund after I filed due to 1095-A and Form 8962

The penalty has been waived.

 

The IRS will adjust for returns already filed and will send a refund. 

 

Please do not file an amended return for that purpose, the IRS will work with the return you already submitted. 

 

 IRS LINK

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4 Replies
KrisD15
Expert Alumni

TurboTax update increased Federal Refund after I filed due to 1095-A and Form 8962

The penalty has been waived.

 

The IRS will adjust for returns already filed and will send a refund. 

 

Please do not file an amended return for that purpose, the IRS will work with the return you already submitted. 

 

 IRS LINK

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

TurboTax update increased Federal Refund after I filed due to 1095-A and Form 8962

Is there a timeframe for when I should expect the IRS to make adjustments and send the additional payment? 

TurboTax update increased Federal Refund after I filed due to 1095-A and Form 8962

Sometime this summer so just keep waiting.

TurboTax update increased Federal Refund after I filed due to 1095-A and Form 8962

We're into August now and still no progress on this.

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