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Level 3
March 23, 2021
Question

Why does the advance premium tax credit still show as an additional tax when there should be no repayment after the American Rescue Act?

  • March 23, 2021
  • 2 replies
  • 14 views

ProSeries is still showing a repayment of the advance premium tax credit even though such repayments are not correct under the American Rescue Act.  Is there a program update in the works for this?

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2 replies

Just-Lisa-Now-
Intuit Community Champion
March 23, 2021

Intuit cant update the program until IRS makes the changes in their system to accept the change.....probably be a few more weeks.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
PATAX
Level 12
March 23, 2021

👍 patience. .