Answered: Form 8962 Line 5

Cpa56 · ‎03-30-2022

Is anyone having issues with the calculation on line 5? I have a client with $226,970 AGI and poverty level $17,240. My calculation comes to 1316% poverty level but program is calculating as 133%.

rbynaker · ‎03-30-2022

When in doubt, read the instructions. See if the first paragraph under "What's New" applies:

https://www.irs.gov/pub/irs-pdf/i8962.pdf

Rick

View solution in original post

rbynaker · ‎03-30-2022

When in doubt, read the instructions. See if the first paragraph under "What's New" applies:

https://www.irs.gov/pub/irs-pdf/i8962.pdf

Rick

Form 8962 Line 5

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