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Returning Member
posted May 3, 2021 11:41:07 AM

"You get additional tax relief; wait to file" message?

Anyone get this message at the end of the Review? The tax deadline is approaching and I still haven't seen any email notifications from TT, despite this saying it will notify at the "end of April at the latest".

 

I don't even know what the Advance Premium Tax Credit is and whether waiting to file will make a significant difference to how much I owe. I was self employed last year. Should I just file and amend later? Thanks in advance!

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2 Replies
Level 15
May 3, 2021 12:57:03 PM

The ARP act eliminated the need to repay excess APTC. so if you are in this situation there will be no 8962 in your return. for the self-employed, however, TT can do nothing until the IRS issues guidance on how to handle those claiming the SE health deduction.  timely filing of the federal 2020 return has been pushed back until 5/17 so you still have time to file without an extension. before that date, if the issue has not been fixed, your options will be to file and amend or an extension.  considering that there will be a flood of filings as 5/17 approaches, you should make your decision sooner. 

 

Returning Member
May 3, 2021 10:00:26 PM

I see, thank you so much!