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So I just exited a return at 5:30 with a $2,700 repayment of a premium tax credit. The client was to still receive a $3,763 refund. I went to efile a few returns and ran an update first. NOW, the $2,700 repayment is missing off Schedule 2 and the 1040 shows a refund of $6,163. The form 8962 is still completed and indicates the $2,700 repayment. For some reason, it is no longer connnected to the return. Be careful efiling until Proseries runs an update to fix the screw-up
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It's not a screw-up. It is correct now.
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It is not correct now. The owe the $2,700 repayment. It was correct before the update.
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The American Rescue Plan Act, passed March 11, 2021 removes the repayment of excess APTC.
It's an important piece of law you may want to review.