TurboTax update to 2021 American Rescue Plan

baluku2002 · Mar 11, 2021 6:08:26 PM

The American Rescue Plan just passed. The TT website mentions the new stimulus checks and some other aspects of this new Act. However, it will also affect income by forgiving $10,200 in unemployment payments for each spouse and forgive paying back Advance Healthcare Tax Credits for 2020 as a result of unanticipated increases to income from unemployment benefits. Both of these affect my 2020 taxes. The current calculations in my TT account do NOT reflect the new changes in law and I haven't seen any indication on the TT website about when they will update calculations. Can SOMEONE from Turbotax please inform the customers: when will Turbotax be updated to reflect the new tax provisions in the American Rescue Plan Act? I would've thought TT had these ready to go in the event it passed.