Form 8962 for Tax Year 2021 has errors.  The first error is Line 4 shows $12,760.  This is the poverty level for 2020 not 2021.  2021 is $12,880.  I called Tech Support about this.  They said that I was the first one that called and they won't send it to the developers until many people complain about it!  Unbelievable!  The amount is wrong, why should it take 100 preparers telling them?  She also said that since from 8962 was insignificant for 2020, the developers did not give it much attention for 2021.  Again, unbelievable!  How are we supposed to prepare proper returns if ProSeries considers certain forms to be of no significance?

Secondly, when right clicking on Line 28 and clicking on Government Instructions, the instructions are for 2020!  not 2021!  

Thirdly,  Line 28 does not populate correctly.  The payback rate is 8.5 percent when  400%+ of povertly level and there is NO repayment limitation.  However, Line 28 enters a repayment limitation of $1,350 (Single) and $2,700 (MFJ) when that line should be blank.  This is directly from the IRS pub on Form 8962.  

I called tech support and after THREE hours of debating the matter with her on the phone, she said she would send the issue to the appropriate department to be handled.

BEWARE using this form until updates are made!